Breaking: Prime Minister Holness to Sell Stake in Major Highway Company! Find Out Why Now!

The 20th Regional Investments and Capital Markets Conference hosted by the Jamaica Stock Exchange (JSE) witnessed an electrifying start with the Prime Minister of Jamaica, The Most Honourable Andrew Holness, announcing significant developments in the financial markets. In his keynote address, Prime Minister Holness revealed the Government’s plan to divest its shares in TransJamaican Highway Limited (TJH), setting the tone for an exciting future for investors and capital markets in Jamaica.

Key Points from the Conference:

• The Government will divest 20% of its shares in TransJamaican Highway Limited through a public offer for sale, signaling new investment opportunities for the capital markets.
• Transjamaican Highway Limited had a successful Initial Public Offering (IPO), raising JA$14.1 billion, the highest amount ever raised on the JSE. The IPO also attracted a record number of new investors, with 31,624 shareholders investing in the stock.
• TJH shares were listed on both the Main and USD markets at JA$1.41 and US$0.01 per share respectively, marking a significant milestone for the company as the first road network company to list on the JSE.

The 20th Regional Investments and Capital Markets Conference was held from January 21 to 23, 2025, at The Jamaica Pegasus Hotel in Kingston, Jamaica, under the theme “Safeguarding the Capital Markets: People, Opportunities, and Progress.” This conference served as a platform to discuss crucial issues related to capital markets, ensuring their security and promoting growth and progress.

The developments announced during the conference, especially regarding the divestment of shares in TransJamaican Highway Limited, hold great promise for the future of capital markets in Jamaica. Investors and stakeholders can look forward to new opportunities and increased participation in the financial market. The successful IPO of TJH and the growing interest from investors highlight the strength and potential of Jamaica’s capital markets, paving the way for continued growth and prosperity.