Special Advisory: Indies Pharma Jamaica Limited (INDIES)

June 29, 2020

Indies Pharma Jamaica Limited (INDIES) has advised that the Company has negotiated with Sagicor Investments Jamaica Limited for a loan by way of Private Place Bond in the amount of $1.12 billion for the following reasons:
i.    Repay Biporist Holdings Inc. the amount of J$398,750,000.00, which was used to purchase 3 acres of land in Montego Bay, St. James;
ii. Develop and get approval for at least two Abbreviated New Drug Applications (ANDA) from the U.S. Food and Drug Administration (USDFA).
INDIES has further advised that this transaction is currently pending and the Company will provide further disclosure to the market in due course

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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