Kintyre Holdings Jamaica Limited: An Expansion Story
Embracing the winds of change, the listed company known as iCreate has embarked on a transformative journey. The company has shed its previous identity as a digital and creative entity, pivoting towards a new horizon as an investment holding company. Under the leadership of Chairman and CEO Tyrone Wilson, iCreate has been rebranded as Kintyre Holdings Jamaica Limited, signaling a strategic shift towards a diversified investment portfolio spanning real estate, food and beverage, and other ventures that were once housed under iCreate.
Here are the key points from this significant transition:
- Wilson’s other company, Kintyre Holdings Limited, which holds a substantial 41.8% stake in iCreate, serves as a foundation for this evolution. With Wilson’s influence extending to nearly 63% of iCreate through various channels, the company is poised for a new chapter of growth and opportunity.
- The decision to rebrand was met with shareholder approval at the annual general meeting, setting the stage for Kintyre Holdings Jamaica Limited to explore new avenues and expand its reach beyond the confines of the creative field. This strategic realignment underscores the company’s commitment to pursuing diverse investments and strategic ventures in multiple sectors.
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iCreate’s recent acquisition of 51% of GetPaid Group Limited in 2022, followed by the agreement to purchase the remaining 49% in August 2023, marks a significant milestone in its expansion strategy. Shareholder approval was granted for the issuance of 144 million new shares, enhancing the company’s capital base and positioning it for further growth.
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The company’s share capital, previously capped at $500 million for junior market companies, has now been raised to $750 million, enabling iCreate to explore new opportunities and potentially transition to the main market in collaboration with the Jamaica Stock Exchange. Ongoing discussions are underway to determine the optimal path forward for the company’s future market positioning.
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At the forefront of this transformation are the dedicated directors of iCreate, including Tyrone Wilson, Larren Peart, Anthony Dunn, Adrian Smith, Donovan White, and the newly appointed Dr. Nick Rowles-Davies. Their leadership and vision will guide Kintyre Holdings Jamaica Limited into a new era of innovation and success.
As Kintyre Holdings Jamaica Limited charts a course towards new horizons, the company’s rebranding signifies a bold and ambitious step towards broader horizons and untapped potential. With a focus on strategic investments and diversified ventures, iCreate’s evolution into Kintyre Holdings Jamaica Limited sets the stage for a promising future filled with growth and prosperity.
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