In an Our Today follow-up….Seprod Group is seeking to clarify that its Trinbagonian subsidiary, A.S. Bryden, which will be listed on the Jamaica Stock Exchange (JSE) on Monday (November 10) is not offering any new shares for sale to the Jamaican public.

Seprod is making clear that A.S. Bryden is merely publicly listing all of its existing ordinary and preference shares and making them available for trading. A.S. Bryden will list its ordinary and preference shares on the JSE main market.

A.S. Bryden recently received approval to list its ordinary and preference shares by introduction on the Main Market of the JSE. Our Today reported on Thursday confirmation had come that A.S. Bryden is to be listed on the JSE tomorrow in accordance with its listing requirements.

AS Bryden, which is majority owned by Seprod, published an abridged statement on the JSE website last week, outlining the full name of the company, its registered office, the name of its auditors (Ernst & Young), its bankers (Scotiabank) and its JSE sponsoring member (NCB Capital Markets). 

The abridged statement disclosed that the Brydens group chalked up TT$1.18 billion in turnover for the six-month period ending June 30, 2023. The group’s after-tax profit for the period closed on TT$56.36 million. 

The move to list on the JSE comes after AS Bryden celebrated its 100th year legacy of business in T&T last month and its acquisition by Seprod in June 2022, marketing a new phase of its development.