Scotia Investments Jamaica Secures Supreme Court Order Permitting Company To Convene Meeting Of Its Stockholders
Scotia Investments Jamaica Limited has announced that on July 24, 2017 the Supreme Court of Judicature of Jamaica issued an Order permitting the Company to convene a Meeting of its stockholders to facilitate the Company becoming a wholly-owned subsidiary of Scotia Group.
Under the Scheme of Arrangement, if approved, stock units in the Company held by persons other than Scotia Group would be cancelled and Scotia Group would pay to each such stockholder the sum of $J38.00 per cancelled stock unit. Stockholders in Trinidad and Tobago will be paid in United States currency only and those in Jamaica will have the option to elect to receive payment in Unites States currency. BM