After spending 30 years nurturing one of Jamaica’s premier hospitality manufacturing and distribution company, Anthony Mark Hart and Thomas “Tom” Tyler, co-founders of Caribbean Producers (Jamaica) Limited (CPJ), have handed over the reign of CPJ to A.S. Bryden & Sons Holdings Limited (ASBH) as they sold their remaining 30 per cent of the company for $2.69 billion (US$17.08 million) on Friday.
The sale of the CPJ ordinary shares took place over three transactions at 11:40 am with the cumulative volume totalling 334,208,668 shares at $8.05. Tyler directly sold 82,830,563 shares while Sportswear Producers Limited and Wave Trading Limited, both holding companies connected to Hart, sold 168,722,866 shares and 82,755,239 shares, respectively. Oniks Investments Limited, a company connected to Tyler, sold 79,304,792 shares at $10.50 on July 9, while Sportswear and Wave sold 84,361,422 shares and 41,377,619 shares, respectively, on the same day. All of these shares were sold to ASBH.
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