LoJ takes Pan Caribbean
published: Thursday | November 25, 2004

LIFE OF Jamaica Limited (LOJ) declares that its mandatory cash take over of ordinary stock units in Pan Caribbean Financial Services Limited (PCFS) had been accepted by Industrial Finance Holdings Limited, British Caribbean Insurance Company Limited and Raiders Incorporated Limited.

This means that Life of Jamaica Limited now controls more than 50 per cent of Pan Caribbean Financial Services and accordingly, the offer which will expire on December 10, 2004, is now being treated as unconditional, subject only to regulatory approvals.