The board of directors of Margaritaville Caribbean Group Limited have unanimously resolved to de-list the more than 60.8 million 9% Cumulative Redeemable Preference Shares of the Company, which are listed on the main market of the Jamaica Stock Exchange (JSE), effective in 10 days.
Following the de-listing of the preference shares, the shares will be held in certificated form, the company announced in a press release on Friday.
The Company will issue certificates to the holders of record on the date of de-listing. Thereafter transfers of the Preference Shares shall attract transfer tax and stamp duty at the applicable rates (currently six per cent combined).
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