🔘 DEVELOPING: Scotiabank to take full ownership of Scotia Jamaica
Scotia Group Jamaica Limited is to be bought out by its Canadian-based parent company through majority shareholder, Scotiabank Caribbean Holding Limited. This means that the bank will no longer be publicly listed, but will instead become a private entity.
▫️The sale, approved by the bank's directors, will be at a cost of J$61.50 per share or about J$56.7 billion.
▫️Scotiabank Jamaica says the sale of the shares will not materially affect its Jamaican operations. In fact, president and CEO Audrey Tugwell-Henry says the transaction is intended to help the entity to better focus on long-term value creation and core business growth.
▫️The purchase price of $61.50 per share works out to a 13-per cent premium of its 30-day average trading price on the Jamaica Stock Exchange.
▫️Scotiabank's minority shareholders are to vote on the proposed shares sale before there can be court approval. The process is expected to close in the fourth calendar quarter of 2026.
Since March I have been having an issue with @ScotiabankJM and every day since then that I’ve made contact, everyone says that process the last person told me is incorrect. Who at this institution knows the correct process? Why unu so annoying?
Katherine Johnson (1918–2020) was a pioneering American mathematician whose hand-calculated trajectories were critical to the success of early U.S. crewed spaceflights, becoming one of the most influential figures in @NASA’s history.
It is hard to name the kind of grief you feel as you watch the Christian movement that raised you continually justify the most vile things, all for the sake of power, influence, and money.
It’s hard to name the grief of knowing that there is nothing so vile they won’t justify.
Jamaican sprinter Tyquendo Tracey joined Jamaica's bobsleigh team as the country built a medal-focused program alongside its Cool Runnings-inspired tradition, with federation president Chris Stokes saying the film helped draw many nations into the sport
It is our duty to uplift the human spirit and make our own individual contributions to the furtherance of humanity.
Bromley Armstrong (9 Feb 1926 – 17 Aug 2018) #Jamaican-Canadian civil rights leader, born 100 years ago today, in #Kingston. Left #Jamaica aged 19; prominent leader in struggle to end workplace discrimination in #Canada; founded several organisations. #Caribbean
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EXCELLENCE |
At the 2026 Winter Olympics, Stevenson Savart didn’t just ski, he made history as Haiti’s first Olympic cross-country competitor. His finish in the skiathlon may not be podium-level, but his presence marks a breakthrough for Haitian sport & visibility • // @Olympics