Aiming for a better market reflection of the value of the company, Guardian Holding Limited, GHL, plans to cross-list its stock in Kingston after a seven-year hiatus.

The Trinidad & Tobago-based insurance conglomerate previously traded on the Jamaica Stock Exchange, JSE, as a cross-listed stock for 13 years, before delisting at the end of 2013.

But now that the JSE’s profile has been rising and equities are in demand by investors, Guardian Holdings sees it as the time to reunite. The announcements also comes just weeks after GHL became the first to list two bonds on the JSE’s newly launched private market platform, which offers a secondary market for the trading of corporate debt.

“The board considered that trading on the Jamaica Stock Exchange has become increasingly dynamic over the years, with a relatively large number of new listings and increased public enthusiasm towards equities,” said board secretary Richard Avey in a market notice posted on the Trinidad & Tobago Stock Exchange, TTSE.

“The GHL board expects strong interest in GHL shares by the Jamaican public,” he said.

http://jamaicagleaner.com/article/business/20210310/guardian-relist-jse