Trinidad Cement Limited (TCL) has advised that further to their letter dated March 1, 2017, wherein TCL advised that its Board of Directors passed a resolution on February 23, 2017, authorizing the Company to make an application to the Jamaica Stock Exchange (JSE) pursuant to Rule 411B to delist the Ordinary Shares of TCL from the Exchange. TCL also advised that the application was to be made on March 2, 2017, and that delisting TCL from the JSE will be effective on a date to be determined by the JSE.
TCL has advised that the said application for delisting was duly made on March 2, 2017, and by correspondence dated March 10, 2017, JSE advised the Company as follows:
1. That trading in TCL shares will be suspended after the close of business on Tuesday, March 14, 2017; and
2. That the delisting of TCL shares will take effect on Friday, March 17, 2017.
A notice regarding this delisting will be published in the print media in Trinidad and Tobago, Barbados and Jamaica and posted on the Group’s website (www.tclgroup.com) from Wednesday, March 15, 2017 and a copy the said notice submitted to the JSE, TCL further advised.