Share­hold­ers of Massy Hold­ings Lim­it­ed have ap­proved the vol­un­tary delist­ing of the com­pa­ny's shares from the Bar­ba­dos Stock Ex­change (BSE).

This fol­lows a rec­om­men­da­tion com­ing out of a No­vem­ber 6, 2014, meet­ing of the board of di­rec­tors.

The Massy di­rec­tors found that the low lev­el of trad­ing in the com­pa­ny's shares on the BSE does not jus­ti­fy the costs of main­tain­ing the cross-list­ing.

They al­so found that in the ab­sence of har­mon­i­sa­tion of laws and reg­u­la­tions be­tween T&T and Bar­ba­dos, there is an ad­di­tion­al cost of reg­u­la­to­ry com­pli­ance.

At the com­pa­ny's an­nu­al gen­er­al meet­ing on Feb­ru­ary 6, share­hold­ers, by spe­cial res­o­lu­tion, ap­proved and con­sent­ed to the vol­un­tary delist­ing "sub­ject to reg­u­la­to­ry process­es and any con­di­tions pre­scribed by law."

Massy Hold­ings will con­tin­ue to main­tain its list­ing on the T&T Stock Ex­change (TTSE) and share­hold­ers in T&T and Bar­ba­dos will be able to con­tin­ue to trade in the com­pa­ny's shares.