SFC Sells 8% of SLJ to PanJam

On Friday July 13, 2012, Sagicor Financial Corporation ("SFC"), through its subsidiary, LOJ Holdings Limited, sold 308,280,000 shares held in Sagicor Life of Jamaica Limited ("SLJ").

 

Pan-Jamaican Investment Trust Limited ("Pan-Jam") has acquired 299,519,661 shares in SLJ at a price of $10.20 and Trustee Sagicor Long Term Incentive Plan (LTI) has also purchased 7,400,000 SLJ shares. As a result of the transactions across the Jamaica Stock Exchange, SFC`s holdings in SLJ have been reduced from 59.2% to 51.0%. Pan-Jam`s interest in SLJ has increased from 24.8% to 32.7%.