Sagicor Group Jamaica Limited Advises of the Acquisition of Shares in 138 Student Living Limited by Sagicor Pooled Equity Fund

Sagicor Group Jamaica Limited (SJ) has advised of their interest in 138 Student Living Limited (138SL) as a consequence of the acquisition by Sagicor Pooled Equity Fund (SPEF) of an additional 9.48% interest in 138SL, bringing the Company’s total percentage holding in 138SL to 21.88% in aggregate. 

SJ states the following:

(a) The entity acquiring the equity is Sagicor Pool Equity Fund, a pooled pension fund managed  by Sagicor Life   Jamaica Limited as Investment Manager, a company incorporated under the laws  of Jamaica and having registered office at 28-48 Barbados Avenue, Kingston 5.

 (b) A pooled pension fund investing in equities.

(c) The company further declares:
       i. The amount of equity which it acquired is 40,163,969 units in 138 Student Living   Limited;
      ii. The purpose of the acquisition is for income and cash flow purposes;
     iii. No further purchases of equity in the company are contemplated by the Fund;
     iv. The Fund does not intend to acquire control of the business and/or majority   shareholding of 138 Student Living Limited.