Sygnus Credit Investments Limited (SCI) has advised that their Board of Directors has authorised the Company to take formal steps to obtain the necessary regulatory and shareholders’ approvals to make an invitation to the public, in lieu of a rights issue to existing stockholders, to raise
additional equity capital through the issuance of ordinary shares “Additional Public Offering” or “APO”. The Offering will be approved by their shareholders at an Extraordinary Meeting (“EGM”).
SCI further advised that due to the Covid-19 pandemic, the date for the EGM has not been decided and that once a date is decided, the relevant communication will be made to shareholders via a notice to shareholders and via the Jamaica Stock Exchange’s website.
