June 17, 2019

 

SSL Venture Capital Jamaica Limited (SSLVC) has advised that the Memorandum of Understanding between its portfolio company Muse 360 Integrated Limited (“Muse”) and Trend Media Limited (subsidiary of Digicel Jamaica Limited) which was signed on January 14, 2019 (as per release dated January 16, 2019) has been delayed until August 31, 2019.

SSLVC has also advised that the Company’s legal counsel is presently making final changes to the shareholder’s agreement. The MOU outlines the transaction to sell 10% of Muse’s subsidiary, which is a content creation, aggregation and distribution company, to Trend Media Limited.

 

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.