PULS: Special Advisory

Pulse Investments Limited (PULS) has advised that the first phase of the Trafalgar Road and Villa Ronai suites and guest rooms project is now fully funded and will be completed in 2018. This phase consists of 19 guest rooms at Trafalgar Road. The second phase, consisting of 25 suites at Villa Ronai will be completed in 2019 with the final phase of an additional 24 suites at Villa Ronai to be completed in 2020. Related party funding of up to $100 million for each of the three years, has been secured and same will be supported by internally generated funds, as well as a standby NCB Capital Market $65 million bond, which will be used if needed.