Gleaner-RJR Shareholders to Merge This Week

Shareholders of the Gleaner Company will this week become official holders of shares in Radio Jamaica as both companies enter the final stage of their amalgamation process.

According to a statement from The Gleaner, on Thursday, each shareholder on record by tomorrow will be issued one RJR share for each Gleaner share held.

Gleaner shareholders will then keep their existing shares which will remain publicly traded on the Jamaica Stock Exchange.

Meanwhile, the Gleaner has reportedly filed for a change of name to 1834 Investments Limited.

If approved by the Companies Office, the Gleaner will continue to operate its non-media portfolio of real estate and investments.

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