This week, we at Bourse provide an update on the progress of the proposed Alignvest-Sagicor transaction, with the shareholder meeting having been held on June 4th, 2019. We also review the latest financial results of Jamaica Money Market Brokers Group Ltd (JMMBGL), whose performance will likely be influenced by ‘New Sagicor’ going forward.
Sagicor Financial Corporation Ltd (SFC)
Sagicor Financial Corporation Ltd (SFC) shareholders gave their resounding support for the proposed acquisition by Alignvest Acquisition II Corporation (AQY), at the Scheme of Arrangement meeting on 4th June, 2019. Of the shareholders casting their votes in person or by proxy, 94.2 per cent voted in favour of the transaction.