Sygnus Receives Approval to Upsize Cumulative Preference Share Offers

• Sygnus Credit Investments Limited (SCI) has advised on the Basis of Allotment of its JMD and USD Perpetual Cumulative Redeemable Preference Shares.
• The Invitation closed on Monday December 30, 2024 at 4:30 p.m. and was oversubscribed in all classes. The company received approval to upsize both classes of shares.
• Consequently, all applicants of both Class H & I Preference Shares will be allotted 100% of the amount applied for.
• Class H shares were oversubscribed by 42.69% or 5,123,000 shares and was upsized to 17,123,000. Similarly, Class I shares were oversubscribed by 10.25% or 205,080 shares and was upsized to 2,205,080. Overall, the dollar value of shares allotted amounted to J$1.71Bn and US$22.05Mn respectively.

(Source: JSE)