Trinidad Cement Limited (TCL) has completed its restructuring exercise and has officially delisted from the Eastern Caribbean Securities Exchange (ECSE).
In a release to the Jamaica Stock Exchange earlier this week, TCL said all securities have since been transferred to the Trinidad and Tobago Central Depository.
The restructuring exercise began mid 2015 after TCL complained that there is no benefit to the company remaining listed on several of the regional exchanges.
TCL delisted from the Guyanese Stock Exchange in January on the basis that trading volumes and frequency were minimal, there were no shareholders resident in Guyana, and that there were too many negative financial consequences of annual listing and maintenance charges required to be paid to GASCI.
The company says while steps are also being taken to delist from the Barbados Stock Exchange, it will remain listed on the Trinidad and Tobago and Jamaica exchanges.