December 9, 2024
A.S. Bryden & Sons Holdings Limited (ASBH) has advised that the Company acquired an additional 30.4% stake in Caribbean Producers (Jamaica) Limited (CPJ) in exchange for 94,871,379 newly issued ordinary shares of ASBH to the sellers of the CPJ shares. As a result of this additional purchase, ASBH owns 75.3% of CPJ and CPJ is now a subsidiary of ASBH.
ASBH has further advised that it recognizes that its increased ownership represents more than 50% of the issued share capital of CPJ and consequently ASBH will extend a Mandatory Offer to all remaining CPJ shareholders within thirty (30) days in accordance with the Jamaica Stock Exchange’s General Principles relating to Take-overs and Mergers.
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