Published: Wednesday September 24, 2008
Supreme Ventures Limited (SVL) has now filed its application for the cross-listing of its shares on the Trinidad and Tobago Stock Exchange (TTSE).
Supreme Ventures is expected to receive official notification from the TTSE and the central depository within a few days, according to a notice from Jamaica's stock exchange last Friday.
The cross-listing of SVL is a follow-through on its commitment made at the launch of its initial public offer (IPO) in January 2006.
The IPO raised $220 million from the sale of 45,761,300 shares.
SVL will join the likes of companies, such as Scotia DBG Investment, GraceKennedy and JMMB in Jamaica, which have cross-listings on the TTSE.
The gaming and lotteries company run by president Brian George last traded at $3.08 on the Jamaican Stock Exchange, down from $4.81 at the IPO.
However, after-tax profits of $484.7 million for the nine month period ended July 31 was a 107.4 per cent increase over the corresponding period last year when net profit totalled $233.7 million.
Source: Jamaica Gleaner Newspapers
http://www.jamaica-gleaner.com/gleaner/20080924/business/business6.html
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