Scotia Plans Share Buyback and JSE Delisting After 60 Years on Main Board

Reports that a major bank operating in Jamaica since 1889 would buy back its shares and leave the Jamaica Stock Exchange main board have prompted questions about the reasoning behind the decision and the possible effects on its work across the island. The institution has been listed on the JSE for 60 of those years.

At Scotia Group Jamaica Limited's second-quarter financial results media briefing, President and Chief Executive Officer Audrey Tugwell Henry took on several of those concerns directly.