Sygnus Credit Investments : SCI) Share Buyback – March 2024
March 26, 2024 at 12:50 am IST
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March 25, 2024
12:43 pm
Sygnus Credit Investments Limited (SCI) has advised that 2,400,000 JMD Ordinary shares were purchased on March 19, 2024 (settlement date March 21, 2024), as part of the Company's Share Buy-Back Programme. The amounts purchased are as follows:
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The Company further advises as follows:
The purpose of the purchase - To enhance shareholder value
The maximum intended repurchase - The approved share buyback is up to US$9 million of SCI's JMD and USD ordinary shares
Total Shares Purchased: As at March 21, 2024, the total number of shares repurchased amounts to 136,525 USD Ordinary Shares and 4,878,274 JMD Ordinary Shares, equivalent to approximately US$433,000.00. This is inclusive of the units previously repurchased in June 2023.
The effective date of the purchase - Per the table above
The source of funding of the purchase - The Company's cash flows
The method of effecting the purchase - The shares were repurchased on the open market via our brokers
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Sygnus Credit Investments Ltd. published this content on
25 March 2024 and is solely responsible for the information contained therein. Distributed by
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25 March 2024 19:19:03 UTC.
Sygnus Credit Investments Limited is a Jamaica-based specialty credit investment company, focused on providing non-traditional financing to medium-sized firms across the Caribbean region. Its investment objective is to generate attractive risk-adjusted returns, with an emphasis on principal protection, by generating income, through investments in its portfolio companies using private credit instruments. The Company invests primarily in private credit instruments including bilateral notes and bonds, preference shares, asset-backed debt, mezzanine debt, convertible debt, and other forms of structured private credit instruments. Its portfolio companies are diversified across a broad range of sectors, including manufacturing, distribution, financial services, energy, real estate, transportation and infrastructure and a wide cross section of countries inclusive of Puerto Rico, Jamaica, Bahamas, Barbados, Aruba and more. The Company is managed and administered by Sygnus Capital Limited.
SYGNUS CREDIT INVESTMENTS LIMITED 
