Sygnus Credit Investments : Basis Of Allotment for Sygnus Credit Investments Limited (SCI) – Cumulative Preference Share Offers
December 22, 2023 at 01:55 pm EST
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December 22, 2023
1:49 pm
Sygnus Credit Investments Limited (SCI) has advised of the Basis of Allotment of its JMD and USD Preference Shares Offers.
The Invitation closed on Friday, December 15, 2023, at 4:30 p.m. The company received approval to upsize all classes of the Invitation as follows:
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The invitation was oversubscribed. Consequently, the basis of allotment is as follows:
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Class C Preference Shares - All applicants will be allotted the first 250,000 shares applied for and 71.13% of amounts above the 250,000 shares.
Class D Preference Shares - All applicants will be allotted 100% of the amount applied for.
Class E Preference Shares - All applicants will be allotted the first 25,000 shares applied for and 66.61% of amounts above
Sygnus further advises as follows:
Refunds to Applicants who are clients of JMMB will be credited to their accounts by end of day January 5, 2024.
Refunds to Applicants who are not JMMB clients will be made available to the account stipulated in their application by January 5, 2024.
All Applicants will receive a formal letter from the Registrar advising them of their respective allotment of Shares in the Invitation in due course.
The Company anticipates that the Preference Shares will be listed and begin trading on the Jamaica Stock Exchange by January 24, 2024, subject to the JSE Listing Committee's approval.
Sygnus Credit Investments Ltd. published this content on 22 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2023 18:54:12 UTC.
Sygnus Credit Investments Limited is a Jamaica-based specialty credit investment company, focused on providing non-traditional financing to medium-sized firms across the Caribbean region. Its investment objective is to generate attractive risk-adjusted returns, with an emphasis on principal protection, by generating income, through investments in its portfolio companies using private credit instruments. The Company invests primarily in private credit instruments including bilateral notes and bonds, preference shares, asset-backed debt, mezzanine debt, convertible debt, and other forms of structured private credit instruments. Its portfolio companies are diversified across a broad range of sectors, including manufacturing, distribution, financial services, energy, real estate, transportation and infrastructure and a wide cross section of countries inclusive of Puerto Rico, Jamaica, Bahamas, Barbados, Aruba and more. The Company is managed and administered by Sygnus Capital Limited.
SYGNUS CREDIT INVESTMENTS LIMITED 
