Shareholders of National Commercial Bank Jamaica Limited (NCB) approved the reorganisation of the group to create a holding company for the bank and its stake in Guardian Holdings Limited, an insurance conglomerate based in Trinidad and Tobago.
“The next relevant step in the process is the sanction of the Supreme Court of Jamaica, to be sought. This is to be done in a hearing in open court on February 22nd, 2017,” said company secretary Dave Garcia at the bank’s annual general meeting (AGM) on Friday.
NCB chairman Michael Lee-Chin said auditors PWC verified that 180 persons voted in favour of the new scheme of arrangement, representing holders of 1.35 billion shares, while four voted against, representing some 6,000 shares.
“I dec…
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