On Friday, January 20, 2012, Kingston Wharves Limited (“KWL”) and Jamaica Producers Group Limited (“JP”) disclosed to the Jamaica Stock Exchange (“JSE”) and immediately thereafter the general public that JP had tendered a proposal to the Board of KWL pursuant to which JP offered to subscribe for Three Hundred and Fifty Seven Million Five Hundred and Fifty Thousand (357,550,000) ordinary shares of KWL at a price of $5.00 per share. The total amount of the proposed investment is therefore $1,787,750,000.00 and will result in JP holding 25.46% of the issued shares of KWL (after taking into account its present shareholding). The subscription was stated to be subject to the agreement of the shareholders of KWL acting by Resolution in General Meeting...

Click here to read the complete Information Circular to Shareholders relating to the proposed subscription for shares by Jamaica Producers Group Limited