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  • 3 months ago
The Trinidad and Tobago Stock Exchange has a new security, as A.S Brydens now has a dual listing on it.

For A.S Brydens, the achievement is much more than a financial undertaking.

Alicia Boucher has the highlights from the listing ceremony.
Transcript
00:00In 2023, A.S. Bryden's and Suns Holdings Limited listed on the Jamaica Stock Exchange
00:06and now it has achieved what Chief Executive Officer of the T&T Stock Exchange, Eva Mitchell, calls a historic milestone.
00:15A.S. Bryden now takes another important step by listing on the Tran Tobago Stock Exchange.
00:21The company's listing today comprises approximately 1.5 billion ordinary shares on the first-tier market
00:30with 30 million Class A preference shares listed on our U.S. dollar equity market.
00:41The T&T Stock Exchange highlights that a company has listed by introduction,
00:46meaning it has listed its existing shares without raising new capital or offering new shares.
00:54This also allows around 800 present shareholders to trade their shares.
00:59Deputy Chairman of A.S. Bryden's Michael Cornier says
01:02the listing underscores the company's commitment to corporate governance and transparency.
01:08For over 100 years, A.S. Bryden's operated as a private enterprise.
01:14Today, we embrace our role as a public company, welcoming scrutiny, accountability and opportunities
01:21that come with public listing.
01:23We are very proud that most of our employees are already shareholders and owners in our business.
01:29This alignment sets our company apart, creates a deep culture of ownership
01:35and ensures that the value we create is broadly shared.
01:38Although the listing is by introduction, Cornier says, it will create access to capital
01:44and propel the company's plans for further expansion in this country and externally.
01:49As we ring the bell today, we celebrate not just a financial transaction,
01:54but a deepening of our alignment with our shareholders
01:56and our commitment to the economic development of Trinidad and Tobago
02:01and the strengthening of our local financial markets.
02:04The broker, Republic Wealth Management Limited, a subsidiary of Republic Financial Holdings,
02:10oversaw the process.
02:12Its group vice president, Karen Yipchuk, praises the power of partnership in this new development.
02:18Together, we are committed to building stronger, deeper and more liquid markets
02:25that can support the ambitions of companies like ES Braden
02:29and the investors who believe in them.
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