News

JMMB Limited Receives 100% Vote from Shareholders for New Scheme of Arrangement

September 18, 2014

The JMMB Group received full support from all shareholders present, or those voting by proxy, yesterday during an extraordinary general meeting (EGM) held at the Terra Nova Hotel. The shareholders gave a resounding 100% vote, signalling their approval, for a new scheme of arrangement for JMMB Limited. This will see the transfer of ownership of the subsidiaries across the region and JMMB Ltd., to the holding company, JMMB Group Limited. Such a move will allow the JMMB Group to meet the regulatory requirements outlined by the Bank of Jamaica (BOJ), allowing the central bank a comprehensive and unlimited access to information about all the companies comprising the Group. Read More »

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