The Facey family, beneficial owners of Pan Jamaica Group, restructure under Boswell Limited

 


Pan Jamaica Group Limited has announced the restructuring of the holdings of significant shareholder and related trading by connected parties.

Pan Jamaica indicates that on 4th March 2025 the ultimate beneficial owners of Boswell Investment Limited , the second largest shareholder in PJG, conducted a restructuring exercise to simplify the ownership structure of its assets.

The ultimate beneficial owners of Boswell who include Chairman Stephen Facey and other family members, previously held their collective PJG shareholdings in Boswell through intermediate holding companies.

PJG indicates that the restructuring exercise involved the transfer of 341,787,133 PJG shares from Boswell to five intermediate holding companies.

These transfers, the group states did not result in any change to the beneficial ownership of the shares.

In a related transaction, Boswell transferred 1,127,854 shares to Jamaica Producers Group Limited and 1,287,134 shares to the Pan Jam ESOP.

Jeffrey Hall, Vice Chairman and Chief Executive Officer of Pan Jamaica Group, in commenting on the transaction stated: “The Facey Family has restructured its interest in Pan Jamaica Group to simplify the ownership structure. This restructuring exercise did not involve any change in ultimate beneficial ownership. We appreciate that as a significant PJG shareholder the Facey Family remains committed to the Group alongside Jamaica Producers Group Limited and other key stakeholders. We at Pan Jamaica Group value this ongoing commitment.”

Pan Jamaica Group is a Caribbean-based, multinational business group. It acquires, holds and manages business interests in four segments: Property and Infrastructure, Financial Services, Global Services and Specialty Food and Drink.

The Property and Infrastructure and Financial Services interests have their primary footprint in the Caribbean and include offices, retail space, hotels and other commercial real estate.

The Financial Services interests include banking, insurance, investment management and pension fund administration. The Global Services group includes shipping and logistics interests that have a Caribbean nexus but serve a global client base.

The Specialty Food and Drink segment has food manufacturing and agri-business operations in Europe and the Americas.

Pan Jamaica Group, together with its subsidiaries and associated companies, employs over 7,000 people. It is listed on the Jamaica Stock Exchange, and its oldest enterprises have been in continuous operation for over 90 years.

Photograph : Stephen Facey, Chairman

Caribbean Money Daily

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