December 16, 2024

tTech Limited (TTECH) has advised that the Company has received a formal takeover over offer from Simply Secure Limited (“the Offeror”) to acquire 32,770,777 of the issued and outstanding shares in the Company. TTECH has further advised that the Offeror has already acquired 73,229,223 TTECH shares amounting to 69.1% of the Company’s 106,000,000 issued ordinary stock units through a series of acquisitions at a price not exceeding J$2.20 per share, thereby acquiring control of the Company on November 16, 2024. The Offeror advised the Board of Directors of the Company on December 12, 2024, of its intention to make this Offer to all TTECH shareholders to acquire the remaining 32,770,777 TTECH shares (amounting to 30.9% of the issued ordinary stock units) in compliance with the Take-Over Rules of the Securities Regulations and the rules of the Jamaica Stock Exchange.

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.