Sagicor Group Jamaica Limited Advises of the Acquisition of Shares in 138 Student Living Limited by Sagicor Pooled Equity Fund

Posted: January 31, 2017 at 2:43 pm

Sagicor Group Jamaica Limited (SJ) has advised of their interest in 138 Student Living Limited (138SL) as a consequence of the acquisition by Sagicor Pooled Equity Fund (SPEF) of an additional 9.48% interest in 138SL, bringing the Company’s total percentage holding in 138SL to 21.88% in aggregate. 

SJ states the following:

(a) The entity acquiring the equity is Sagicor Pool Equity Fund, a pooled pension fund managed  by Sagicor Life   Jamaica Limited as Investment Manager, a company incorporated under the laws  of Jamaica and having registered office at 28-48 Barbados Avenue, Kingston 5.

 (b) A pooled pension fund investing in equities.

(c) The company further declares:
       i. The amount of equity which it acquired is 40,163,969 units in 138 Student Living   Limited;
      ii. The purpose of the acquisition is for income and cash flow purposes;
     iii. No further purchases of equity in the company are contemplated by the Fund;
     iv. The Fund does not intend to acquire control of the business and/or majority   shareholding of 138 Student Living Limited.

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