DB&G’s DIRECTORS RECOMMEND ACCEPTANCE OF SCOTIABANK’S OFFER

On Friday, October 20, Scotiabank and Scotiabank Jamaica, announced their intention to make a joint take-over bid to acquire at least 75% and not more than 80% of the shares in Dehring Bunting & Golding Ltd. (DB&G). The Offer, which is a cash bid priced at J$21.08 and TT$2.00 for each share, opened on October 23.

To communicate the response of DB&G’s Board of Directors to the Scotiabank Offer, DB&G’s Executive Chairman, Peter Bunting, held a media briefing at the DB&G Merchant Bank offices on Thursday, October 26. At the briefing, Mr. Bunting, on behalf of DB&G’s Board, recommended that DB&G’s shareholders accept the Scotiabank Offer.