Community & Workers of Jamaica Co-operative Credit Union of Jamaica will be listing $900 million deferred shares owned by its members on the Jamaica Stock Exchange.
Each member will have until July 16 to identify a broker and sign up for a number at the Jamaica Central Securities Depository.
Chief Executive Officer Carlton Barclay says in order to qualify as capital, the funds would have to meet certain requirements – one of which is that no withdrawal can be done at short notice.
comments powered by Disqus
All feeds
