MPC Caribbean Clean Energy Limited (MPCCEL) – Renounceable Rights Issue
October 25, 2019 MPC Caribbean Clean Energy Limited (MPCCEL) – Renounceable Rights Issue MPC Caribbean Clean Energy Limited hereby advises the public that the Company intends to pursue a renounceable rights issue (the “Rights Issue”) in respect of its Class B shares in Jamaica and in Trinidad and Tobago. The Record Date for the Rights Issue will be November 8, 2019. The Company is seeking to raise the equivalent of US$22,848,320.00 by offering its existing Class B shareholders, as recorded on the share registry records of the Company on the Record Date, the right to participate in the Rights Issue
Kingston Properties Limited (KPREIT) – Renounceable Rights Issue
October 25, 2019 Kingston Properties Limited (KPREIT) – Renounceable Rights Issue Further to its notice published on August 5, 2019, Kingston Properties Limited hereby advises the public that the Record Date for its intended renounceable rights issue (the "Rights Issue") will be November 8, 2019. The Company is seeking to raise approximately J$2 billion by offering to its existing ordinary shareholders, as recorded on the share registry records of the Company on the Record Date, the right to participate in the Rights Issue at a rate of 1.10573 New Shares for every ordinary share already held (subject to rounding the
Overseas Headlines- October 25, 2019
October 25, 2019 United States: Fed Seen Cutting Rates Next Week and Then Hitting Pause Button “Federal Reserve officials will signal they’re likely to take a break from cutting interest rates after lowering them again next week, according to a majority of economists surveyed by Bloomberg. In an Oct. 21-24 poll of 40 economists, 85% said they anticipate the Federal Open Market Committee will reduce rates by a quarter percentage point when it wraps up a two-day meeting in Washington on Wednesday. That would lower the target range for the Fed’s benchmark rate to 1.5%-1.75%. In addition, 56% of respondents said in