Thu | Sep 21, 2017

Gleaner shareholders vote yes for merger with RJR

Published:Wednesday | December 30, 2015 | 12:31 PM
Oliver Clarke (left), chairman of The Gleaner and Douglas Orane (right) director, listen to vote results from R. Tarun Handa, managing partner KPMG at the Extraordinary General Meeting.

Gleaner shareholders have overwhelmingly voted yes for the proposed merger of the company with RJR.

RJR shareholders are voting at this hour.

This morning in separate Extraordinary General Meetings the directors of The Gleaner Company and RJR Communications Group made their case to shareholders for the merger.

"The purpose of this deal is to preserve the Jamaicaness of the two media houses and provide financial sustainability," The Gleaner's managing director Christopher Barnes told shareholders gathered at The Wolmer's High School for Girls.

At the Wolmer's High School for Boys, RJR directors also highlighted the benefits of the merger.

For the deal to go through, there must be a yes vote by the majority of the shareholders representing 75 per cent of the value of the shares of those present or by proxy.