Sagicor Group Jamaica Limited (SJ) has advised that Sagicor Managed Funds has acquired 24.84% of the issued shares 138 Student Living Jamaica Limited,  SJ further advised that the Funds invested in the company for strategic purposes.

GraceKennedy Ltd announced the comletion of the sale of its shares in Hardware & Lumber Ltd ("H&L") to purchaser Argyle Industries Inc. ("Argyle").

Argyle (a St. Lucian Company) is a special purpose vehicle incorporated for the purposes of acquiring and holding the investor's equity interests in Hardware & Lumber Ltd. the investors in Argyle include a group of sophisticated investors led by ABBECO INVEST S.A. (a Bahamian investment company), Sterling Asset Mangaeent Ltd (along with its affiliates and associates) and Greystone Equity Partners Inc. (along with its affiliates and associates).

In keeping with the sale agreement, GraceKennedy has divested its 58.15% interest in H&L to Argyle for a price of $18.50 per share.

The Gleaner Company Limited (GLNR) has advised that its Extraordinary General Meeting will be held at the Wolmer’s Girls’ School, 2a Marescaux Road, Kingston 5, on Wednesday, December 30, 2015 at 10:00 a.m.

Radio Jamaica Limited (RJR) has advised that its Extraordinary General Meeting will be held at the Wolmer’s Boys School Auditorium, National Heroes Circle, Kingston 4, on Wednesday, December 30, 2015 at 10:00 a.m.

CAC 2000 Limited Public Offering was successfully closed on December 18, 2015.  The offer generated significant interest and was oversubscribed.

National Commercial Bank Jamaica Limited (NCBJ) has advised that Mr. Ramon Pitter, a senior manager at NCBJ and a director of NCB Global Finance Limited, a subsidiary of NCBJ, has resigned effective December 31, 2015.

This is to advise that tTEch’s invitation for subscription and Sale in respect of 25, 652,000 ordinary shares at the price of $2.50 per share was successfully closed on December 16, 2015. A total of 289 applications for shares, valued at approximately $J172, 395 million, were received.   The basis for allotment has been finalized as follows:

1. Reserve share applicants (35% of the shares offered) will receive 100% of the number of shares they applied for 
2. Pursuant to the prospectus, 8% of the shares offered have been allocated at the discretion of the company’s Board of Directors. 
3. Applicant for the general pool (57% of the shares offered) will receive 100% up to 10,000 shares applied for. The remaining shares will be  allocated on a proportional basis equivalent to approximately 19.96% of the total application amount.