Durrant Pate/ Contributor

A.S. Bryden & Sons Holdings (ASBH), which is majority owned by Jamaican manufacturing conglomerate Seprod, is now a cross-listed equity.

This after the company listed its ordinary and preference shares on the Trinidad and Tobago Stock Exchange on Friday. The listing was by introduction, making existing shares available for trading. However, no new shares will be offered to the public at this time.

Commenting on the move, company Chairman, P.B. Scott notes ASBH has operated in Trinidad and Tobago for more than a century and that the listing fulfils its commitment to place its shares on the local exchange. He says the move gives the company additional options for accessing capital in the future.

For his part, Chief Executive Officer Richard Pandohie explains that the listing provides shareholders with a new market for their shares while allowing other stakeholders in Trinidad to participate in the company’s progress.

Hamel Smith and Republic Wealth Management served as its legal counsel and brokers for the listing. ASBH Bryden joins the list of companies whose shares are traded on the Trinidad and Tobago Stock Exchange, as well as the few shares cross-listed on both the Jamaica and Trinidad and Tobago Stock Exchanges.