(From left) Allan Lewis, managing director, Jamaica Fund Managers; Joyce West-Johnson, chiefoperating and financial officer; Marlene Street, managing director,JSE; Earl Jarrett, CEO, JN Group;Audley Shaw, minister of industry and commerce; Carlton Barclay (second right),CEO, C&WJCCUL; andClaudette Crooks watch closely as Condell Stephenson (third right), president, C&WJCCUL, officiallylists the credit union on the Stock Exchange.
August 1, 2020
C&WJCCUL becomes first mutual society to list on stock exchange
Community & Workers of Jamaica Cooperative Credit Union Limited (C&WJCCUL) became the first mutual society in Jamaica to officially list on the Jamaica Stock Exchange (JSE).
That listing took place last Friday at the JSE head office on Harbour Street in Kingston.
The C&WJCCUL listing involved the use of deferred shares, which is an instrument classified as capital for credit unions and mutual societies. Deferred shares as per the regulations can be used to raise additional capital if required.
Chief Executive Officer of the JN Group Earl Jarrett (right)in conversation with his counterpart, Carlton Barclay of theC&WJCCUL. (Photos: Karl McLarty)
Minister of Indutsry and Commerce Audley Shaw chats withmanaging director of the Jamaica Stock Exchange MarleneStreet-Forrest at the official listing of the C&WJCCUL on the StockExchange, Friday last.
