September 03, 2018
Jamaica Broilers Group Limited (JBG) has advised that a connected party sold 8,756,363 JBG shares on August 30, 2018.
JBG has further advised that the company raised J$500,000,000.00 through the issue of a bond arranged by SIJL. The issue date for the bond is August 31, 2018 which matures on September 30, 2019 (“the Maturity Date”). The interest rate on the Bond is 5.5% and is fixed to the Maturity Date. The moneys raised are to be used to fund the company’s working capital requirements.
JBG has also advised that further to its previous notice regarding the takeover of the operations of the Feed Mill and related assets of Crystal Farms, of Oakwood, Georgia, USA, the purchase of the assets of Crystal Farms through the Company’s subsidiary, Wincorp Properties, Inc., was completed on Thursday, August 30, 2018.