PORT OF SPAIN, Trinidad – November 2024. A.S. Bryden & Sons Holdings Limited (JSE:ASBH) (“ASBH”), a reporting issuer and company incorporated in Trinidad and Tobago, with offices located at 1 Ibis Avenue, San Juan, Trinidad, today announced that it has acquired an additional 30.4% stake in Caribbean Producers (Jamaica) Limited (JSE:CPJ) (“CPJ”) in exchange for 94,871,379 newly issued ordinary shares of ASBH to the sellers of the CPJ shares. As a result of this additional purchase, ASBH owns 75.3% of CPJ and CPJ is now a subsidiary of ASBH.
ASBH recognizes that its increased ownership represents more than 50% of the issued share capital of CPJ and consequently ASBH will extend a Mandatory Offer to all remaining CPJ shareholders within thirty (30) days in accordance with the Jamaica Stock Exchange’s General Principles relating to Take-overs and Mergers.
“ASBH’s increased ownership of CPJ is consistent with our objective of purchasing additional shares we shared following the acquisition of our strategic stake in July. We will soon extend an offer to purchase shares from all CPJ shareholders on equivalent terms subject to CPJ remaining a listed company.” said Nicholas A. Scott, Director of ASBH.
“We are committed to becoming the leading distributor of food and premium beverages to hotels, resorts and restaurants in Jamaica and across the Caribbean. As a member of the Brydens Group, CPJ will now have access to greater resources and a regional platform. This is an exciting time for both ASBH and CPJ. I look forward to working with the combined team to grow our business and deliver value to our customers, principals, employees and shareholders.” said P.B. Scott, Chairman of ASBH.
