FosRich Company Limited (FosRich) has advised that a senior Manager sold 450,000 FosRich shares on May 21, 2018.

Sagicor Investments Jamaica Limited has advised of the Closing and Basis of Allotment to subscribers of the issue of 90,909,091 ordinary shares in two classes; at a subscription price of US$0.11 per US$ Share and J$13.72 per $J Share.  The Offer, made subject to the prospectus of Sygnus Credit Investments Limited, dated April 20, 2018, closed on May 16, 2018.

Further to an oversubscription, the prospectus outlined the Company’s right to upsize. The Company upsized the Reserve Share Applicant Pool by 100% to 80,000,000 Ordinary Shares; while the General Public Pool was upsized by approximately 117.67% to 110,818,060 ordinary shares.

The methodology and allotment of ordinary shares are as follows:

1. Sygnus Employees

These applicants were allocated 100% of the amounts applied for.

 2. Existing Shareholders

These applicants were allocated 100% of the amounts applied for.

3. All other Reserve Share Applicants

These applicants were allocated up to a maximum of 264,892 units of the amounts applied for.  Excess amounts above this maximum were allocated from the General Public Pool.

4. General Public Pool

Of the applications received, the first 51,000 units were allocated 100%. The balance in excess of 51,000 units were allocated approximately 34.17%

JMMB Group Ltd (JMMBGL) has advised that at a meeting of the Board of Directors of JMMBGL, held on May 24, 2018, the directors declared a dividend of Twenty Seven Cents ($0.27) per ordinary share payable to shareholders on record as at June 7, 2018, to be paid on June 29, 2018. The ex-dividend date is June 5, 2018.

KLE Group Ltd (KLE) has advised that on May 22, 2018, a director sold 1,405,405 KLE shares and another director purchased 1,405, 405 KLE shares.

Kingston Properties Limited (KPREIT) has advised that on May 23, 2018, KPREIT completed a further advance on an existing loan facility with Terrabank, N.A. in Florida, and that the sum of the advance was USD800,000.00, which will be used for acquisition of new properties.

KPREIT further advised that the Company closed on the sale of a condo unit at the Loft II in Downtown Miami and is in negotiations for the sale of two other units in that building.  KPREIT states that the units were acquired in June 2010 as part of their initial foray into the US market.

Key Insurance Company Limited (KEY) has advised that upon the recommendation of the KEY Audit Committee, the Board of Directors passed a resolution via round robin on 21 May 2018 for the declaration of a dividend of $0.029 per stock unit out of earnings for the year ended 31 December 2017 to shareholders on record as at 4 June 2018, payable 20 July 2018. Ex-date June 1, 2018

Kingston Wharves Limited (KW) has advised that a connected party sold 14,000 KW shares on May 17, 2018.

Caribbean Producers Jamaica Limited (CPJ) has advised that the Board has approved the proposal to invest in the further expansion of the company’s distribution capacity through a build-out of a multipurpose warehouse being currently constructed in Montego Freeport, on a proposed leased property. This proposed investment of US$ 2.5 million will allow the company to improve efficiency of its cold chain as well as to handle the anticipated growth in sales.

PanJam Investment Limited (PJAM) has advised that a connected party purchased 800,000 PJAM shares on May 22, 2018.

Jamaican Teas Limited (JAMT) has advised that at a Board of Directors’ meeting scheduled for June 6, 2018 an interim dividend payment will be considered.