Say Goodbye to tTech Limited: Why They're Leaving the Market

In the heart of Kingston, Jamaica, a significant change is on the horizon for tTech Limited. The recent takeover offer by Simply Secure Limited has led to a pivotal decision – the company no longer meets the listing requirements of the Jamaica Stock Exchange. As a result, tTech Limited has taken a bold step by applying for delisting of its ordinary shares. This move, in accordance with Junior Market Rule 505 (14) (b), marks a new chapter in the company’s journey.

Here are some key points surrounding this decision:

Resolution of the Board of Directors: The decision to apply for delisting was not made lightly. After careful consideration and deliberation, the Board of Directors has passed a resolution to proceed with this course of action. It signifies a strategic move towards aligning the company’s operations with its current status and future objectives.
Compliance with Regulations: By following the guidelines set forth in Junior Market Rule 505 (14) (b), tTech Limited is adhering to the regulatory framework governing such delisting processes. This ensures transparency and accountability throughout the transition period.
Anticipated Effective Date: The delisting of tTech Limited’s ordinary shares is expected to take effect no later than Friday, February 28, 2025. This timeline provides stakeholders with a clear understanding of when the changes will come into effect, allowing for adequate preparation and planning.

As the Company Secretary, Lesley Cousins, oversees this significant milestone in tTech Limited’s history. Her role in facilitating the delisting process highlights the importance of effective communication and organizational management during times of transition.

In conclusion, the delisting application by tTech Limited signifies a strategic move towards realignment with its evolving business landscape. By following the regulatory procedures and timelines, the company is demonstrating its commitment to transparency and compliance. As the change takes effect, stakeholders are encouraged to stay informed and engaged with the latest updates regarding tTech Limited’s journey ahead.