Claim No SU 2021 CD 00033 has been filed by TROPICAL in the Supreme Court of Jamaica Commercial Division requesting various Orders related to its AGM in light of the COVID-19 Pandemic, including an Order sanctioning the holding of its AGM in hybrid format. The matter will be heard on February 24, 2021 at 10am.

Fixed Date Claim Form: FixedDateClaimForm

Energy storage company Tropical Battery is seeking $325 million of equity from the market in an initial public offering of shares priced at $1 per unit.
The transaction as structured would reduce the Melville family stake in the 70-year-old company, held through Dai Diverze Jamaica Limited, from 100 per cent to 75 per cent.
The offer opens to the market on September 22 and closes September 30.
The past year has seen a $60-million investment in Tropical Battery Company’s build-out of a new headquarters and a restructuring of its offices on Ashenheim Road in Kingston.

Tropical Battery Limited has signed a brokerage partnership with NCB Capital Markets ahead of its planned initial public offering on the Junior Market of the Jamaica Stock Exchange (JSE).
The announcement is the first sign of interest in the Junior Market since the start of the year.
In a press release, NCB Capital Markets said it hopes to jumpstart the Junior Market which has been quiet following the economic fallout from COVID-19.