Sagicor Life Jamaica shareholders have given the nod for the reorganization of the company into the Sagicor Group. The shareholders unanimously voted on a scheme of arrangement at an extraordinary general meeting held on Tuesday. The Scheme of Arrangement must now be sanctioned by an Order of the Supreme Court. The Registrar of Companies must also be notified before it becomes effective.
the changes will result in all stock units in Sagicor Life Jamaica being cancelled and the newly-created holding company, Sagicor Group Jamaica, issuing and allotting ordinary shares of equal value to shareholders.
Sagicor Life shares will be delisted from the Jamaica Stock Exchange and Sagicor Group stocks listed in their place.
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