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The terms and conditions of the cash offer, which were contained in an offer circular dated December, 28 2017, gave minority shareholders the opportunity to sell their shares at a premium price of

The terms and conditions of the cash offer, which were contained in an offer circular dated December, 28 2017, gave minority shareholders the opportunity to sell their shares at a premium price of $1.45 per share.

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The terms and conditions of the cash offer, which were contained in an offer circular dated December, 28 2017, gave minority shareholders the opportunity to sell their shares at a premium price of $1.45 per share.

Currently CWC Cala and its affiliate own 82 per cent of the ordinary shares in CWJ, with the remaining 18 per cent held by an estimated 25,000 shareholders living in Jamaica, the region and the diaspora.

.45 per share.

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Senator Johnson Smith, who is also minister of foreign affairs and sfreign trade noted that, at present, an ordinary shareholder engaging in a share buy-back transaction is at a disadvantage, compared with a shareholder selling shares to a third party.

She argued that a shareholder selling shares to a third party pays no stamp duty, transfer tax, or income tax, while the shareholder who engages in a share buy-back option would be taxed.

It will assist in increasing liquidity in the markets, and, perhaps, increase the desire to move towards a regional stock exchange.

We all know now that there are cross-listings which are permitted and facilitated by technology,” she noted.

NHT be exempted from stamp duty when it is selling land, similar to the exemption granted to the Minister of Housing; and, 2.