The merger between Jamaican media giant, Radio Jamaica and real estate and investment company, 1834 Investments Limited has been effected.
This follows the filing with the Companies Office of Jamaica of the Order of the Supreme Court sanctioning the Scheme of Arrangement to amalgamate 1834 Investments Limited with Radio Jamaica.
This means the Scheme of Arrangement is now effective and the assets and liabilities of 1834 Investments have now been assumed by Radio Jamaica.
Shareholders in 1834 Investments, who elected to receive shares as consideration, will have these Radio Jamaica shares issued within seven days while those who elected cash consideration will receive payment within 14 days.
Radio Jamaica now intends to apply to the Jamaica Stock Exchange (JSE) for the listing of the newly issued Radio Jamaica shares on the JSE’s main market.
Radio Jamaica welcomes its new shareholders, who will join the company, as it enters a new phase of growth and transformation as a result of the amalgamation.
Radio Jamaica Limited is incorporated and domiciled in Jamaica with primary activities, carried through its various subsidiaries, including the operation of an ‘over-the-air’ television station, three cable television channels, four radio stations and the publication of news and information in print and digital media formats on multiple platforms to global audiences.