In its continuing drive to cut expenses, Trinidad Cement Limited (TCL) has done as intended and delisted in the Eastern Caribbean Securities Exchange (ECSE).
Before this year the business’s trading symbol was additionally taken off the Guyana Securities Council. As declared from mid-2015, the Barbados Stock Exchange is slated to be next.
In Barbados, one source indicated these prices run in the area of Barbadian $20,000 per annum for the midsized business.
TCL is slated to stay recorded to the Trinidad and Tobago Stock Exchange as well as the Jamaica Stock Exchange (JSE).
Generally, the JSE is the most fluid in the Caribbean using the greatest rates of trading. The Trinidad & Tobago Composite Index produced 0.99 per cent yields in 2015. The Jamaica Stock Exchange soared more than 80 per cent through the year finished.
A TCL letter dated affirmed that it had been delisted effective. The business’s trading symbol was taken off the ECSE’s trading board and all securities were transferred to the Trinidad and Tobago Central Depository.
TCL said the reasons for delisting were that frequency and trading volumes were minimal as well as the negative fiscal impact of yearly listing/care costs required to be paid to the ECSE.
The reasons for delisting were that frequency and trading volumes were not maximal, there have been no investors resident in Guyana, as well as the negative fiscal impact of yearly listing/care costs required to be paid to GASCI.
The TCL Group is engaged in the production and marketing of bagged and bulk cement, the selling of packaging materials and miscellaneous concrete.
Three of its own subsidiary companies and Trinidad Cement Limited –