Shareholders of Scotia Group Jamaica Limited, SGJL, have approved the proposed privatisation transaction involving Scotiabank Caribbean Holdings Limited.
The vote was held at a court-convened meeting at the AC Hotel by Marriott in Kingston on Wednesday.
Under the proposed transaction minority shareholders would receive $75 per ordinary stock unit held.
Scotia says this represents a premium of 38 per cent on the 30-trading-day volume-weighted average trading price of SGJL shares on the Jamaica Stock Exchange as at June 11.
This was the last trading day before the transaction was announced.
Voting was conducted by the Registrar of the Jamaica Central Securities Depository.
Meeting scrutineer, PWC Corporate Services Limited says in a preliminary report that 77 per cent of shareholders voting in person or by proxy – representing 97 per cent of the ordinary stock units – voted in favour of the transaction.
It remains subject to the court’s approval and other customary closing conditions.
The deal is expected to close in the fourth calendar quarter of 2026.
