Scotia Investments Jamaica Ltd. (SIJL)- DB&G – Acquisition

The company has signed an agreement with Issa Financial Services Limited (IFSL), the owner of Issa Trust & Merchant Bank Limited (Issa Trust), to acquire the issued share capital of Issa Trust. On completion of the agreement, Issa Trust will become a wholly owned subsidary of DB&G, while IFSL will in exchange receive shares and a debenture issued by DB&G. The transaction is subject to regulatory approval from the Bank of Jamaica and the Minister of Finance. If necessary regulatory approval is received from the BOJ and the Minister of Finance, and the due diligence exercise is successfully concluded, it is anticipated that Issa Trust will be amalgamated with DB&G Merchant Bank Ltd., another wholly-owned subsidiary of DB&G.