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Sygnus Credit Investments Limited – To raise US$10m (~J$1.3b) @ US$0.11 per US$ Share or @ J$13.72 per J$ Share

Sygnus will open its initial public offer to list on the Main Market of the Jamaica Stock Exchange on May 2, 2018 and close on May 16, 2018. The company aims to raise US$10m (more if they choose to) from the sale of 90.9m shares. Subscription can be in either J$ (at J$13.72 per share) or US$ (at US$0.11 per share). More to come. Check our news page for updates.

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Victoria Mutual Investments Limited Raising J$689.3m at J$2.45 per share. Opens Next Monday Dec 11

VM Investments Limited has released their prospectus and they are seeking to raise J$689.3m from the sale of 300.0m Ordinary Shares at J$2.45 per share. The offer opens on December 11, 2017. Victoria Mutual Investments Limited (“VMIL”) was incorporated in 1984 and is domiciled in Jamaica. It is a wholly-owned subsidiary of The Victoria Mutual Building Society, established in 1878. VMIL is the parent company and sole owner of Victoria Mutual Wealth Management Limited (“VMWealth”).

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NCB Financial Group Limited (NCBFG) Acquires Majority Stake in Bermudan Bank

NCB Financial Group Limited announced today a transaction under which NCB will acquire a majority stake in Clarien Group Ltd, owner of Clarien Bank Ltd based on Hamilton Bermuda. NCB will acquire a 50.1% majority stake in CGL. Funds managed by the Portland Private Equity will hold 17.92% and Edmund Gibbons (once the sole shareholder) will retain 31.98%.

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Express Catering A ‘Buy’ – JMMB

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Margaritaville Controlled Express Catering To Raise $491.3m. Valuing Company At J$2.5 Billion

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Stationery & Office Supplies Ltd Going Public, To Raise $95m

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Musson Subsidiary (PBS) Launches IPO To Raise A Whopping US$41.5m

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Main Event Now Reporting Profitable Results – Q2 2017

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NCBFG Appoints ‘Bob’ Blake As Chief Opertating Officer

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New Ratings: JMMB Rates Derrimon (DTL) A HOLD, Jamaica Producers (JP) as A SELL

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Lasco Manufacturing Reports a 51% Drop in Net Profit Despite Big Marketing Spend

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Main Event Entertainment Group Going Public. Raising J$120m @ $2 Per Share

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New IPO: Key Insurance Makes Last Minute Dash For The Junior Market

Bulletin, Stocks / I.P.O.s

New IPO: Micro Loans Company ISP Finance Services Ltd Going Public

Bulletin, Stocks / I.P.O.s

New IPO: Mayberrry To List Ironrock Insurance Co Ltd

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IMF Agrees To Lower Jamaica’s Primary Surplus Target To 7.25% (This Year) And 7% In 2016/2017

Bulletin, Macroeconomic, Tax, Rates, Debt

Heineken To Takeover, Delist Desnoes & Geddes Ltd. Bye Bye Red Stripe.

Red Stripe Beer

Bulletin, Mergers and Acquisitions