Jamaica Money Market Brokers (JMMB) has announced plans to delist its variable rate Jamaican dollar cumulative preference shares from the Jamaica Stock Exchange (JSE).
The shares, which were listed in March 2016, will be officially delisted on June 20.
The decision comes as the company seeks to modify its capital structure. As part of this move, JMMB intends to convert the preference shares into ordinary shares, which will not be listed on the stock exchange.
The company also confirmed that the holder of all these preference shares supports the conversion.
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