Business

Nearly $6 billion worth of SVL shares remain with major holder

Jamaica Gleaner 33 h

Jamaica

Nearly $6 billion worth of SVL shares remain with major holder — Sources: Jamaica Gleaner

Ian Levy, the third-largest shareholder in Supreme Ventures Limited (SVL), has transferred his direct stake in the company to a holding entity of which he remains the beneficial owner. It forms part of trust planning for Levy. “No, I didn’t sell any shares. It was just a matter of transferring from one to the other; from Ian Levy to Ian Levy Trust,” he told the Financial Gleaner.

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