May 9, 2019
Jamaica Broilers Group Limited (JBG) has advised that the Company has completed a Debt Purchase and Novation Agreement with the Bank of Nova Scotia Jamaica Limited (“the Bank”) and the West Indies Petroleum Terminal Limited (“WIPT”) under which:
- The Company sold and the Bank purchased WIPT’s outstanding current indebtedness to the Company of US$ 10,571,428.57; and
- The Company novated its rights and obligations under certain loan and security documentation with WIPT (in respect of the said indebtedness) to the Bank.
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.