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Margaritaville’s Bahamas, TCI operations to be listed on JSE

The Jamaica Stock Exchange (JSE) confirmed on Monday that two related foreign companies owned by Jamaicans, but registered and operational overseas, are preparing to list on the local exchange, including one incorporated in The Bahamas. 

Jamaica Gleaner
Wednesday, February 26, 2014
Wednesday, February 26, 2014
Avia Collinder

JSEFebruary 26, 2014 (The Gleaner) — The Jamaica Stock Exchange (JSE) confirmed on Monday that two related foreign companies owned by Jamaicans but registered and operational overseas are preparing to list on the local exchange.

One of those operations, restaurant company, Margaritaville Turks Limited (MTL), issued its prospectus on Tuesday ahead of a float of 21.156 million shares set for March 3-31.

The other entity under consideration is Margaritaville Caribbean Limited (MCL), which is incorporated in The Bahamas, according to JSE General Manager Marlene Street Forrest. MTL is a 100 per cent direct subsidiary of Margaritaville Caribbean.

This is an excerpt from Jamaica Gleaner as it appeared on February 26, 2014. For updates or to read the current version of this post in its entirety, please click here.

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