GHL publishes abridged statement as precursor to being readmitted to the JSE

Trinidad-based financial conglomerate Guardian Holding Limited (GHL) is returning to the Jamaica Stock Exchange (JSE) after a seven-year hiatus.

GHL will be relisted on the JSE main index by May 5 following the publication of its abridged statement on the JSE website last Tuesday. The abridged statement is not an offer for sale and is published in accordance with the listing requirements of the JSE.

GHL is a holding company, which has publicly listed shares on the Trinidad and Tobago Stock Exchange. It is the parent company for an integrated financial services group known as Guardian Group with a focus on life, health, property and casualty insurance, pensions and assessment management.

LISTING PRICE NOT YET KNOWN

The company was listed on the JSE’s main market for 13 years before delisting at the end of 2013 based on the illiquidity of its shares, which were trading at around $270. Although GHL won’t be raising capital through its reintroduction on the JSE, the listing price of its shares in Jamaican dollars is not yet known.

The board of GHL had indicated that the financial holding company is moving to cross list its ordinary shares on the JSE based on the increasingly dynamic market, which has had greater public enthusiasm towards equities in recent years.