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Before year end, Seprod Group will take its new Trinidadian subsidiary public and list it on the main market of the Jamaica Stock Exchange.
AS Bryden & Sons, a large distributor in which Seprod acquired a majority stake at mid-year, is also to be listed at a later date on the Trinidad & Tobago Stock Exchange, Seprod CEO Richard Pandohie said, but no definitive timeframe has been set.
The JSE listing will be via an initial public offering of shares, or IPO, he told the Financial Gleaner.
The plan for the listing was disclosed late Thursday as Chairman Paul Scott and Pandohie hosted an investor briefing on the AS Bryden acquisition.
Scott says the move to take the Seprod subsidiary public is in line with the Seprod philosophy of worker participation and direct management ownership.