A VM Group Limited
Special Members' Meeting
Join us for a Special Members’ Meeting to receive updates on the performance and activities of VM Group in 2022 and for more information on the recent restructure of the organisation.
Important Information to Note
- Date
- Channel(s)
- Location
- Date
VM Group Limited Special
Members’ Meeting
Thursday, May 25, 2023 at 3:00 p.m.
- Channel(s)
Hybrid (online & in-person) meeting
- Location
Terra Nova Hotel, 17 Waterloo Road, Kingston 10.
Our Journey
In August 2022, VM Members gathered for a mass meeting at the National Arena in Kingston, satellite locations in Portmore, Mandeville and Montego Bay, and virtually from overseas. The task before them was to vote on a proposed restructuring of the organisation that would ensure compliance with the Banking Services Act and allow VM to raise capital should it need to do so.
The results of the vote revealed overwhelming support for the restructure exercise. This vote followed approval from the Bank and Jamaica and later the Supreme Court of Jamaica, paving the way for the restructure to be effected. Check out this booklet ‘A Brief History of a Transformative Mutual’ for more about VM’s journey.
The Dawn Of A New Era
On February 1, 2023 a new day dawned for VM with the establishment of VM Group Limited, a mutual holding company owned by Members and parent to VM Innovations Limited (VM’s non-financial holding company) and VM Financial Group Limited (VM’s financial holding company which was established in tandem with VM Group Limited).
All the financial businesses of the Group are held under VM Financial Group Limited. These are:
- VM Building Society *
- VM Investments Limited
- VM Wealth Management Limited
- VM Pensions Management Limited
- VM Money Transfer Services Limited
- VM Finance Limited
VM Innovations Limited is parent to VM Property Services Limited. The VM Foundation is held directly under VM Group Limited.
* (which, as part of the change has been converted to a proprietary building society).
VM Group Special Report
This VM Group Special Report has been prepared to provide updates on our business performance and activities in 2022 to our Valued Members – now owners of VM Group Limited – ensuring that you are kept up to date on all the transformational things happening at your VM during this very exciting time in our history.
VM Group Special Report
This VM Group Special Report has been prepared to provide updates on our business performance and activities in 2022 to our Valued Members – now owners of VM Group Limited – ensuring that you are kept up to date on all the transformational things happening at your VM during this very exciting time in our history.
