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LIME changes stock exchange moniker
2012-09-11 16:32:43 | (0 Comments)
Telecoms provider, LIME has changed its trading moniker at the Jamaica Stock Exchange (JSE) from C&WJA to LIME.
Garry Sinclair, Managing Director of LIME Jamaica and the Cayman Islands - File
This means that, effective today, the company’s 16.8 billion ordinary shares will be traded as LIME, the company said in a release.
At a brief ceremony at the JSE today, LIME’s Managing Director Garry Sinclair explained that the exercise was part of the brand alignment initiatives the company has been undertaking for some time now.
“Today (September 11) is about brand consistency for us. We are aware that a brand is only as valuable as the underlying products and services that it provides,” said Sinclair.
“As we work hard to improve the underlying value that LIME represents, it is equally as important, we believe, to ensure that our brand, our marks, our trademarks and indeed our name remains top of mind in the consumer’s heart and obviously at the forefront of their minds when they think about telecommunications,” he added.
JSE General Manger Marlene Street Forrest underscored Sinclair’s position about LIME’s value to the market.
“LIME brings value to the market. Since the start of the year, CWJA which now trades as LIME ... has traded over 156 million shares valued at J$31.77 million and of the 174 trading days have traded 145 days,” she said.
Street Forrest added that “it is one of the most liquid stocks on the market and is reflected in its inclusion in the JSE Select Index for almost every year since the index started in 2000.”
LIME has one of the largest shareholder bases on the JSE with more than 24,000 shareholders.
Source: The Gleaner/Power 106 News
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