SC 13D 1 tv498307_sc13d.htm SCHEDULE 13D

 

 

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

 

PLAYA HOTELS & RESORTS N.V.
(Name of Issuer)

 

Ordinary Shares, par value €0.10 per share

(Title of Class of Securities)

 

N70544106
(CUSIP Number)

 

Cathleen McLaughlin, Esq.

Paul Hastings LLP

200 Park Avenue

New York, New York 10166

(212) 318-6620


(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

June 1, 2018
(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box. ¨

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. N70544106

 

1.

Names of reporting persons.

 

Sagicor Financial Corporation Limited

2.

Check the appropriate box if a member of a group (see instructions)

 

(a)  x        (b) ¨

3. SEC use only
4.

Source of funds (see instructions)

 

OO

5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨
6.

Citizenship or place of organization

 

Bermuda

Number of
shares
beneficially
owned by
each
reporting
person with
7.

Sole voting power

 

0

8.

Shared voting power

 

20,000,000

9.

Sole dispositive power

 

0

10.

Shared dispositive power

 

20,000,000

11.

Aggregate amount beneficially owned by each reporting person

 

20,000,000

12. Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨
13.

Percent of class represented by amount in Row (11)

 

15.1%

14.

Type of reporting person (see instructions)

 

HC

 

Page 2 of 10

 

 

CUSIP No. N70544106

 

1.

Names of reporting persons.

 

Sagicor Investments Jamaica Limited

2.

Check the appropriate box if a member of a group (see instructions)

 

(a)  x        (b) ¨

3. SEC use only
4.

Source of funds (see instructions)

 

OO

5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨
6.

Citizenship or place of organization

 

Jamaica

Number of
shares
beneficially
owned by
each
reporting
person with
7.

Sole voting power

 

0

8.

Shared voting power

 

20,000,000

9.

Sole dispositive power

 

0

10.

Shared dispositive power

 

20,000,000

11.

Aggregate amount beneficially owned by each reporting person

 

20,000,000

12. Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨
13.

Percent of class represented by amount in Row (11)

 

15.1%

14.

Type of reporting person (see instructions)

 

IA

 

Page 3 of 10

 

 

CUSIP No. N70544106

 

1.

Names of reporting persons.

 

Sagicor Life Jamaica Limited

2.

Check the appropriate box if a member of a group (see instructions)

 

(a)  x        (b) ¨

3. SEC use only
4.

Source of funds (see instructions)

 

OO

5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨
6.

Citizenship or place of organization

 

Jamaica

Number of
shares
beneficially
owned by
each
reporting
person with
7.

Sole voting power

 

0

8.

Shared voting power

 

20,000,000

9.

Sole dispositive power

 

0

10.

Shared dispositive power

 

20,000,000

11.

Aggregate amount beneficially owned by each reporting person

 

20,000,000

12. Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨
13.

Percent of class represented by amount in Row (11)

 

15.1%

14.

Type of reporting person (see instructions)

 

IC

 

Page 4 of 10

 

 

CUSIP No. N70544106

 

1.

Names of reporting persons.

 

Jamziv Mobay Jamaica Portfolio Limited

2.

Check the appropriate box if a member of a group (see instructions)

 

(a)  x        (b) ¨

3. SEC use only
4.

Source of funds (see instructions)

 

AF

5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ¨
6.

Citizenship or place of organization

 

Jamaica

Number of
shares
beneficially
owned by
each
reporting
person with
7.

Sole voting power

 

0

8.

Shared voting power

 

20,000,000

9.

Sole dispositive power

 

0

10.

Shared dispositive power

 

20,000,000

11.

Aggregate amount beneficially owned by each reporting person

 

20,000,000

12. Check if the aggregate amount in Row (11) excludes certain shares (see instructions)    ¨
13.

Percent of class represented by amount in Row (11)

 

15.1%

14.

Type of reporting person (see instructions)

 

OO

 

Page 5 of 10

 

 

CUSIP No. N70544106

 

Item 1. Security and Issuer.

 

This Schedule 13D (this “Schedule 13D”) relates to the ordinary shares, par value €0.10 per share (the “Ordinary Shares”), of Playa Hotels & Resorts N.V. (the “Issuer”), a limited liability company organized under the laws of the Netherlands. The principal executive offices of the Issuer are located at Prins Bernhardplein 200, 1097 JB Amsterdam, the Netherlands.

 

Item 2. Identity and Background.

 

The persons filing this statement and the persons enumerated in Instruction C of Schedule 13D and, where applicable, their respective places of organization, general partners, directors, executive officers and controlling persons and the information regarding them, are as follows:

 

This Schedule 13D is filed by:

 

·Sagicor Financial Corporation Limited, an exempted company continued under the laws of Bermuda (“SFC”);

 

·Sagicor Investments Jamaica Limited, a company formed under the laws of Jamaica (“SIJ”);

 

·Sagicor Life Jamaica Limited, a company formed under the laws of Jamaica (“SLJ”); and

 

·Jamziv Mobay Jamaica Portfolio Limited, a company incorporated under the laws of Jamaica (“JMJPL”).

 

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons”.

 

The address of the principal office of each of the Reporting Persons is as follows:

 

·in the case of JMJPL, 28-48 Barbados Avenue, Kingston 5, Jamaica;

 

·in the case of SIJ, 85 Hope Road, Kingston 6, Jamaica;

 

·in the case of SLJ, 28-48 Barbados Avenue, Kingston 5, Jamaica; and

 

·in the case of SFC, Cecil F De Caires Building, Wildey, St. Michael, Barbados, BB15096.

 

The principal business of each of the Reporting Persons is as follows:

 

·SFC and its subsidiaries (the “Sagicor Group”) operate across the Caribbean and in the United States of America. The principal activities of the Sagicor Group are (i) life and health insurance; (ii) annuities and pension administration services; (iii) property and casualty insurance and (iv) banking, investment management and other financial services (the “Sagicor Business”). SFC, through its indirect ownership interest in Sagicor Group Jamaica Limited (the parent company of each of SIJ and SLJ), is the controlling person of SIJ and SLJ for purposes of Schedule 13D.

 

·SLJ is an insurance company and it indirectly controls 62% of JMJPL.

 

Page 6 of 10

 

 

CUSIP No. N70544106

 

·SIJ is a company that provides investment, fund and unit trust management services in Jamaica.

 

·JMJPL is a special-purpose entity formed for the purpose of acquiring the Ordinary Shares reported in this Schedule 13D. JCSD Trustee Services Limited, a company incorporated under the laws of Jamaica (“JCSD”), owns 62% of JMJPL as trustee for Sigma Real Estate Portfolio, a portfolio of the Sagicor Sigma Global Funds, a collective investment scheme. JCSD does not have voting and dispositve power over the Ordinary Shares held by JMJPL and has appointed SIJ as its investment manager, providing SIJ with voting and dispositive power over the Ordinary Shares directly held by JMJPL. SIJ has delegated to SLJ its investment management authority over Ordinary Shares reported herein, which delegation may be terminated. Accordingly, SLJ shares voting and dispositive power over these Ordinary Shares with SIJ.

 

During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

During the last five years, none of the Reporting Persons was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

For information required for this Item 2 by Instruction C to Schedule 13D with respect to the executive officers and directors of JMJPL, SIJ, SLJ and SFC (collectively, the “Covered Persons”), reference is made to Schedule I annexed hereto and incorporated herein by reference.

 

Item 3.Source and Amount of Funds or Other Consideration.

 

The information under the heading “Contribution Agreement” in Item 4 hereof is incorporated herein by reference.

 

Item 4.Purpose of Transaction.

 

Contribution Agreement

 

On June 1, 2018, the parties completed the transactions contemplated by that certain definitive Share Exchange Implementation Agreement, dated as of February 26, 2018, by and among the Issuer, JCSD, X Fund Properties Limited, a company incorporated under the laws of Jamaica (“X Fund Properties”), Sagicor Pooled Investment Funds Limited, a company incorporated under the laws of Jamaica (“SPIFL”) and Sagicor Real Estate X Fund Limited (“X Fund”), as amended by that certain First Amendment to Share Exchange Implementation Agreement dated as of May 31, 2018 (as amended, together hereinafter referred to as the “Contribution Agreement” and such amendment, the “Contribution Amendment”). JCSD, X Fund Properties, SPIFL and X Fund are collectively referred herein as the “Sagicor Parties

 

Pursuant to the terms and conditions of the Contribution Agreement, the Sagicor Parties contributed to a subsidiary of the Issuer a portfolio of all-inclusive resorts in Jamaica, certain developable land sites and a management contract for an all-inclusive resort (the “Jamaica Assets”) in exchange for consideration consisting of 20 million Ordinary Shares and $95 million in cash, which cash amount is subject to possible future adjustments as described below (such transaction, the “Contribution”).

 

Page 7 of 10

 

 

CUSIP No. N70544106

 

Pursuant to the Contribution Agreement, prior to the closing of the Contribution, the Issuer established an escrow account of $5 million, which cash may be released to either the Issuer or the Sagicor Parties to fund adjustments following the closing of the Contribution. Immediately after the closing of the Contribution, an initial adjustment to the escrow of $2.5 million was released back to the Issuer. The remaining amount held in escrow may be released to the Sagicor Parties in accordance with a closing statement to be delivered by the Sagicor Parties following the closing, upon the satisfaction by the Sagicor Parties of certain conditions described in the Contribution Amendment.

 

In connection with the Contribution Agreement, the Issuer agreed that the Sagicor Parties would have the right to designate two individuals for election to the Issuer’s board of directors (the “Issuer Board”). On May 10, 2018, the Issuer’s annual general meeting of shareholders elected to the Issuer Board Mr. Richard O. Byles and Mr. Christopher W. Zacca, the two directors designated for election by the Sagicor Parties, with a term beginning upon the consummation of the Contribution.

 

The foregoing summary of the Contribution Agreement does not purport to be complete and is qualified in its entirety by reference to the Contribution Agreement, a copy of which was filed as Exhibit 2 hereto, and the Contribution Amendment, a copy of which is filed as Exhibit 3 hereto, and each of which is incorporated herein by reference.

 

Shareholder Agreement

 

On May 31, 2018, in connection with the closing of the Contribution, the Issuer entered into that certain Shareholder Agreement (the “Shareholder Agreement”) with JCSD and X Fund Properties (collectively, the “Designating Shareholder”). The Shareholder Agreement provides that beginning with the annual general meeting of shareholders to be held in 2019, the Designating Shareholder will have certain rights to designate directors to the board of directors of the Issuer (the “Issuer Board”). The Designating Shareholder will have the right to designate (i) two directors to the Issuer Board for as long as the Designating Shareholder holds more than 18,000,000 Ordinary Shares and (ii) one director to the Issuer Board for as long as the Designating Shareholder holds 18,000,000 or fewer but more than 10,000,000 Ordinary Shares.

 

The foregoing description of the Shareholder Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Shareholder Agreement, which is attached hereto as Exhibit 4 hereto and is incorporated herein by reference.

 

General

 

Depending upon various factors, including overall market conditions, other investment opportunities available to the Reporting Persons and the Covered Persons, and the availability of Ordinary Shares at prices that would make the purchase of additional Ordinary Shares desirable, the Reporting Persons and the Covered Persons may or may not increase their position in the Issuer through, among other things, the purchase of additional Ordinary Shares or derivative securities, on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons and the Covered Persons may deem advisable.

 

The Reporting Persons and the Covered Persons intend to review their investments in the Issuer on a continuing basis and depending on various factors the Reporting Persons and the Covered Persons may deem relevant to their investment decision, including, without limitation, the Issuer’s financial position and strategic direction, the price levels of the Ordinary Shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons and the Covered Persons may decide to sell some or all of their Ordinary Shares, or to continue to hold their existing position in the Ordinary Shares for investment. The Reporting Persons and the Covered Persons, if they so elect, may from time to time engage in transactions for the purpose of hedging some or all of their positions in the Ordinary Shares.

 

Page 8 of 10

 

 

CUSIP No. N70544106

 

In addition, depending upon the factors mentioned above and other factors the Reporting Persons and the Covered Persons may deem relevant, the Reporting Persons and the Covered Persons may in the future take such other actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in discussions with management and/or the Board of Directors of the Issuer concerning opportunities that the Reporting Persons and the Covered Persons believe may exist to improve the business, operations, financial condition and strategic direction of the Issuer, communicating with other shareholders of the Issuer, seeking additional representation on the Issuer’s Board of Directors, or changing their intention with respect to any and all matters referred to in this Item 4.

 

Except as set forth herein or such as would occur upon completion of any of the actions discussed above, no Reporting Person or Covered Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

 

Item 5.Interest in Securities of the Issuer.

 

The information relating to the beneficial ownership of Ordinary Shares by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 132,569,967 shares outstanding as of June 19, 2018, as reported in the Issuer’s Form S-3 Registration Statement filed with the SEC on June 20, 2018. None of the Covered Persons beneficially own any Ordinary Shares.

 

Except as set forth in Item 4 hereof, neither the Reporting Persons nor the Covered Person have effected any transactions in the Ordinary Shares in the sixty (60) days preceding the filing this Schedule 13D.

 

Except for the Reporting Persons, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Ordinary Shares reported herein.

 

The information in Items 4 and 6 hereof is incorporated by reference herein.

 

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Except as set forth in Item 4 of this Schedule 13D and in the Joint Filing Agreement filed as Exhibit 1 hereto, to the best knowledge of the Reporting Persons and the Covered Persons, no contracts, arrangements, understandings or relationships (legal or otherwise) exist among the Reporting Persons and the Covered Persons and between the Reporting Persons and the Covered Persons and any other person with respect to the Ordinary Shares.

 

The information in Item 4 is incorporated by reference herein.

 

Page 9 of 10

 

 

CUSIP No. N70544106

 

Item 7.Material to Be Filed as Exhibits.

 

Exhibit
No.
  Description
1*   Joint Filing Agreement, dated June 11, 2018
2   Share Exchange Implementation Agreement, dated as of February 26, 2018, by and among JCSD Trustees Services Limited, X Fund Properties Limited, Sagicor Pooled Investment Funds Limited, Sagicor Real Estate X Fund Limited Limited and Playa Hotels & Resorts N.V. (incorporated by reference to Exhibit 2.1 to the Issuer’s Current Report on Form 8-K filed with the SEC on February 27, 2018)
3   First Amendment to Share Exchange Implementation Agreement, dated as of May  31, 2018, by and among JCSD Trustees Services Limited, X Fund Properties Limited, Sagicor Pooled Investment Funds Limited, Sagicor Real Estate X Fund Limited and Playa Hotels & Resorts N.V. (incorporated by reference to Exhibit 2.1 to the Issuer’s Current Report on Form 8-K filed with the SEC on May 31, 2018)
4   Shareholder Agreement, dated as of June 4, 2018, by and among JCSD Trustees Services Limited, X Fund Properties Limited and Playa Hotels & Resorts N.V.  (incorporated by reference to Exhibit 10.1 to the Issuer’s Current Report on Form 8-K filed with the SEC on May 31, 2018)

 

 

* Filed herewith.

 

Page 10 of 10

 

 

CUSIP No. 74640Y 106

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

DATED: July 10, 2018

 

  Sagicor Financial Corporation
Limited

 

  By: /s/ Dodridge D. Miller
    Dodridge D. Miller, Group President &
    Chief Executive Officer

 

  Sagicor Investments Jamaica
Limited

 

  By: /s/ Richard Byles
    Richard Byles, Director

 

  Sagicor Life Jamaica Limited

 

  By: /s/ Richard Byles
    Richard Byles, Director

 

  Jamziv Mobay Jamaica Portfolio
Limited

 

  By: /s/ Christopher W. Zacca
    Christopher W. Zacca, Director

 

 

 

 

Schedule I

 

Information with respect to Persons Covered Under Instruction C to Schedule 13D

 

Item 2. Identity and Background.

 

Capitalized terms used in this Schedule I but not defined herein have the meanings assigned to them in the Schedule 13D to which this Schedule I is attached. The following table sets forth as to each of the Covered Persons: (a) his/her name, (b) his/her residence or business address and (c) his/her present principal occupation or employment and the name, principal business and address of any corporation of other organization in which such employment is conducted.

 

Directors of SFC:

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Dr. Stephen D.R. McNamara  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Senior Partner of McNamara & Company, Attorneys-at-Law of St. Lucia  

McNamara & Company

20 Micoud Street

P.O BOX 189

Castries, St Lucia

 

McNamara & Company is a law firm with areas of practice including civil and commercial litigation, conveyance, family law, intellectual property, tax and labor law, criminal law and wills and probate.

  St. Lucia and Ireland
                 
Andrew Aleong  

Albrosco Group

139-141 Belmont Circular Road, Belmont, Port of Spain, Trinidad and Tobago

 

  Group Managing Director of the Albrosco Group, a company formed under the laws of Trinidad and Tobago  

Albrosco Group

139-141 Belmont Circular Road, Belmont, Port of Spain, Trinidad and Tobago

 

Albrosco Group manufactures a wide variety of cold cuts and sausages

  Trinidad and Tobago
                 
Professor Sir Hilary M.C.D. Beckles, K.A.  

Office of the Vice Chancellor

The University of the West Indies

Regional Headquarters

Kingston 7, Jamaica, W.I.

  Vice Chancellor of the University of the West Indies  

Office of the Vice Chancellor

The University of the West Indies

Regional Headquarters

Kingston 7, Jamaica, W.I.

 

The University of the West Indies is a public university system in the Caribbean.

  Barbados
                 
Peter E. Clarke  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Retired   N/A   Trinidad and Tobago

 

 

 

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Dr. L. Jeannine Comma  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Retired   N/A   Trinidad and Tobago and Barbados
                 
Monish K. Dutt  

4201 Blagden Avenue NW

Washington DC 20011

United States

  Fellow of the Institute of Chartered Accountants and a consultant on emerging markets  

4201 Blagden Avenue NW

Washington DC 20011

United States

  India
                 
Dr. Marjorie M. Fyffe-Campbell  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Management consultant and fellow of the Institute of Chartered Accountants  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Jamaica
                 
Richard M. Kellman  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Retired   N/A   Guyana
                 
William P. Lucie-Smith  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Retired   N/A   Trinidad and Tobago
                 
Dr. Dodridge D. Miller  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Group President and Chief Executive Officer of SFC  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

 

SFC’s principal business is the Sagicor Business.

  Barbados
                 
John F. Shettle, Jr.  

20 Horseneck Lane

Greenwich, CT 06830

  Operating Partner of Stone Point Capital LLC, a Delaware limited liability company  

Stone Point Capital LLC

20 Horseneck Lane

Greenwich, CT 06830

 

Stone Point Capital is a private equity firm in the global financial services industry.

  United States of America
                 
Richard P. Young  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Retired   N/A   Trinidad and Tobago

 

 

 

 

Executive Officers of SFC:

 

For information regarding SFC’s executive officers Dr. Dodridge D. Miller and Richard M. Kellman, see “Directors of SFC” above. Unless otherwise noted in the table below, the business address for all of SFC’s executive officers is Sagicor Financial Corporation Limited, Cecil F De Caires Building, Wildey, St. Michael, Barbados, BB15096. SFC’s principal business is to serve as the holding company for the Sagicor Group.

 

Name   Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
             
Dr. M. Patricia Downes-Grant, CBE   Executive Director, Corporate, of SFC   See information for SFC immediately above this table.   Barbados
             
Ravi C. Rambarran   Group Chief Operating Officer of SFC, with responsibility for Sagicor Life Inc, Southern Caribbean Operations   See information for SFC immediately above this table.   Trinidad & Tobago
             
Anthony O. Chandler   Group Chief Financial Controller of SFC   See information for SFC immediately above this table.   Barbados
             
Althea C. Hazzard   Executive Vice President, General Counsel and Corporate Secretary of SFC   See information for SFC immediately above this table.   Barbados
             
Ronald B. Blitstein   Group Chief Information Officer of SFC  

Sagicor Life Insurance Company

4010 W. Boy Scout Blvd., Suite 800, Tampa,

Florida 33607, USA

 

Sagicor Life Insurance Company is a life insurance company, which provides life insurance and annuity products.

  United States of America
             
J. Andrew Gallagher   Chief Risk Officer of SFC   See information for SFC immediately above this table.   Canada
             
Nari T. Persad   Group Chief Actuary of SFC  

Sagicor Life Insurance Company

4010 W. Boy Scout Blvd., Suite 800, Tampa,

Florida 33607, USA

 

Sagicor Life Insurance Company is a life insurance company, which provides life insurance and annuity products.

  Canada

 

 

 

 

Name   Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
             
Donald S. Austin   Chief Executive Officer, Sagicor Life (Eastern Caribbean) lnc., a subsidiary of SFC registered in St Lucia  

Sagicor Life (Eastern Caribbean) lnc. Choc Bay, Castries, St. Lucia

 

Sagicor Life (Eastern Caribbean) lnc. is an operating arm of Sagicor Life Inc., which operates in 17 countries in the English and Dutch speaking Caribbean and Latin America, providing insurance, finance and banking services.

  Barbados
             
Bart F. Catmull   President and Chief Operating Officer, Sagicor Life Insurance Company USA, a subsidiary of SFC  

Sagicor Life Insurance Company

4010 W. Boy Scout Blvd., Suite 800, Tampa,

Florida 33607, USA

 

Sagicor Life Insurance Company is a life insurance company, which provides life insurance and annuity products.

  United States of America
             
J. Edward Clarke   Executive Vice President and General Manager, Barbados for SFC   See information for SFC immediately above this table..   Barbados
             
Keston D. Howell   Executive Vice President and General Manager, Dutch Caribbean & Central America for SFC   See information for SFC immediately above this table.   Trinidad & Tobago
             
Robert J. L. Trestrail   Executive Vice President and General Manager, Trinidad & Tobago for SFC   See information for SFC immediately above this table.   Trinidad & Tobago
             
Christopher W. Zacca, CD   President and Chief Executive Officer, Sagicor Group Jamaica Limited, a company incorporated in Jamaica  

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

Sagicor Group Jamaica Limited is a majority owned subsidiary of SFC and a full service financial institution offering banking, investments, life & health insurance, pensions and real estate services.

  Jamaica

 

 

 

 

Directors of SIJ:

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Peter Karl Melhado  

Sagicor Group Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  President & CEO ICD Group Limited  

ICD Group Limited

7-9 Harbour Street Kingston

 

ICD Group Limited is an Investment Holding Company which provides financial, construction and real Estate services.

  Jamaica
                 
Richard O. Byles  

Sagicor Group Jamaica Limited

28-48 Barbados Avenue,

Kingston 5

  Retired   N/A   Jamaica
                 
Paul Andrew Boswell Facey  

Sagicor Group Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Vice President Investments, PanJam Investment Limited  

PanJam Investment Limited

60 Knutsford Boulevard,

Kingston 5, Jamaica

 

PanJam Investment Limited is an investment holding company

  Jamaica
                 
Bruce Rex Vernon James  

 

Sagicor Investments Jamaica Limited

85 Hope Road, Kingston 6

Jamaica, W.I.

  President, MVP Track and Field Club  

MVP Track and Field Club

237 Old Hope Road Kingston 6

 

MVP Track and Field Club is a track and field development club

  Jamaica
                 
Dr. Dodridge D. Miller  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Group President and Chief Executive Officer of SFC  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

 

SFC’s principal business is to serve as the holding company for the Sagicor Group.

  Barbados
                 
Donovan Hugh Perkins  

Sagicor Investments Jamaica Limited

85 Hope Road, Kingston 6

Jamaica, W.I.

  Retired   N/A   Jamaica
                 
Lisa Annette Soares Lewis  

Sagicor Investments Jamaica Limited

85 Hope Road, Kingston 6

Jamaica, W.I.

  CEO , Great People Solutions Limited  

Great People Solutions Limited

22 B Old Hope Road, Kingston 5

 

Great People Solutions Limited is a human resources and performance management consulting business

  Jamaica

 

 

 

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Colin Theophilius Steele  

Sagicor Investments Jamaica Limited

85 Hope Road, Kingston 6

Jamaica, W.I.

  Business Consultant  

Colin Steele

68 Hope Road

Kingston 6

  Jamaica
                 
Christopher W. Zacca, CD  

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

President and Chief Executive Officer of Sagicor Group Jamaica Limited, a company formed under the laws of Jamaica.

 

President & Chief Executive Officer, Sagicor Life Jamaica Limited, a company formed under the laws of Jamaica.

 

 

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

Sagicor Group Jamaica Limited is a majority owned subsidiary of SFC and a full service financial institution offering banking, investments, life & health insurance, pensions and real estate services.

 

Sagicor Life Jamaica Limited

28-48 Barbados Avenue,

Kingston

 

Sagicor Life Jamaica Limited is an insurance company.

  Jamaica

 

 

 

 

Executive Officers of SIJ:

 

The principal business address for SIJ and all of its executive officers is Sagicor Investments Jamaica, 85 Hope Road, Kingston 6, Jamaica. SIJ’s principal business is providing investment, fund and unit trust management services in Jamaica.

 

Name   Present Principal Occupation   Name, Principal Business and
Address of Organization Where
Employment Conducted
  Citizenship
             
Kevin Donaldson   Senior Vice President & CEO, Sagicor Investments Jamaica Limited   See information for SIJ immediately above this table.   Jamaica
             
Tara Nunes   Vice President, Wealth Management and Client Services, Sagicor Investments Jamaica Limited   See information for SIJ immediately above this table.   Jamaica

 

 

 

 

Directors of SLJ:

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Richard O. Byles  

Chairman, Sagicor Group Jamaica Limited

28-48 Barbados Avenue,

Kingston 5

  Retired   N/A   Jamaica
                 
Christopher W. Zacca, CD  

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

President and Chief Executive Officer of Sagicor Group Jamaica Limited, a company formed under the laws of Jamaica.

 

President & Chief Executive Officer, Sagicor Life Jamaica Limited, a company formed under the laws of Jamaica.

 

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

Sagicor Group Jamaica Limited is a majority owned subsidiary of SFC and a full service financial institution offering banking, investments, life & health insurance, pensions and real estate services.

 

Sagicor Life Jamaica Limited

28-48 Barbados Avenue,

Kingston

 

Sagicor Life Jamaica Limited is an insurance company.

  Jamaica
                 
Peter E. Clarke  

64 Eagle Crescent

Fairways

Maraval

Trinidad

  Retired   N/A   Trinidad and Tobago
                 
Jeffrey Carl-Cobham  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Retired   N/A   Barbados and Jamaica
                 
Jacqueline D. Coke-Lloyd  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

 

Managing Director

Make Your Mark Consultants

 

Make Your Mark Consultants

1 Robertson Avenue, Kingston 6

 

Make Your Mark Consultants is a human resource training, leadership development, public relations and marketing consultancy

  Jamaica

 

 

 

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Richard L. Downer  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Retired   N/A   Jamaica
                 
Stephen B. Facey  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Chairman and Chief Executive Officer, PanJam Investment Limited  

PanJam Investment Limited

60 Knutsford Boulevard,

Kingston 5, Jamaica

 

PanJam Investment Limited is an Investment Holding Company

  Jamaica
                 
Dr. Marjorie M. Fyffe-Campbell  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Management consultant and fellow of the Institute of Chartered Accountants  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

 

  Jamaica
                 
Paul R. Hanworth  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Chief Operating Officer, PanJam Investment Limited  

PanJam Investment Limited

60 Knutsford Boulevard,

Kingston 5, Jamaica

 

PanJam Investment Limited is an Investment Holding Company

  Jamaica and United Kingdom
                 
Errol D. McKenzie  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Retired   N/A   Jamaica
                 
Dr. Dodridge D. Miller  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

  Group President and Chief Executive Officer of SFC  

Sagicor Financial Corporation Limited

Cecil F De Caires Building,
Wildey, St. Michael,
Barbados, BB15096

 

SFC’s principal business is to serve as the holding company for the Sagicor Group.

  Barbados
                 
Sharon R. Roper  

Sagicor Life Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Founder and Managing Director, SIAN Associates  

SIAN Associates

Suite 34, 67-68 Hatton Garden, London, EC1N 8JY

 

SIAN Associates is an industry management consulting business

  Jamaica and United Kingdom
                 
Raby D. Williams  

Sagicor Group Jamaica Limited

28 – 48 Barbados Avenue, Kingston 5,

Saint Andrew, Jamaica

  Retired   N/A   Jamaica

 

 

 

 

Executive Officers of SLJ:

 

The business address for all of SIJ and its executive officers is Sagicor Life Jamaica Limited, 28 – 48 Barbados Avenue, Kingston 5, Saint Andrew, Jamaica. SLJ’s principal business is as an insurance company.

 

Name   Present Principal Occupation   Name, Principal Business and
Address of Organization Where
Employment Conducted
  Citizenship
             
Christopher W. Zacca, CD   President & Chief Executive Officer, Sagicor Life Jamaica Limited, a company formed under the laws of Jamaica.   See information for SLJ immediately above this table.   Jamaica
             
Willard Brown   Executive Vice President Employee Benefits   See information for SLJ immediately above this table.   Jamaica
             
Mark Chisholm   Executive Vice President – Individual Life Insurance Division   See information for SLJ immediately above this table.   Jamaica
             
Ivan B. O’B Carter   Executive Vice President - Group Chief Financial Officer   See information for SLJ immediately above this table.   Barbados
             
Janice Grant Taffe   Senior Vice President -General Counsel & Corporate Secretary   See information for SLJ immediately above this table.   Jamaica
             
Donnett Scarlett   Senior Executive Vice President – Group Treasury & Asset Management   See information for SLJ immediately above this table.   Jamaica
             
Simone Walker   Vice President – Group Marketing,   See information for SLJ immediately above this table.   Jamaica
             
Hope Wint   Vice President – Risk Management & Group Compliance   See information for SLJ immediately above this table.   Jamaica
             
Karl Williams   Senior Vice President – Group Human Resources & Corporate Services   See information for SLJ immediately above this table.   Jamaica

 

 

 

 

Directors of JMJPL:

 

Name   Residence or Business
Address
  Present Principal
Occupation
  Name, Principal Business
and Address of
Organization Where
Employment Conducted
  Citizenship
                 
Richard O. Byles  

Sagicor Group Jamaica Limited

28-48 Barbados Avenue,

Kingston 5

  Retired   N/A   Jamaican
                 
Christopher W. Zacca, CD  

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

President and Chief Executive Officer of Sagicor Group Jamaica Limited, a company formed under the laws of Jamaica.

 

President & Chief Executive Officer, Sagicor Life Jamaica Limited, a company formed under the laws of Jamaica.

 

Sagicor Group Jamaica Limited,

28–48 Barbados Avenue,

Kingston 5, Jamaica W.I.

 

Sagicor Group Jamaica Limited is a majority owned subsidiary of SFC and a full service financial institution offering banking, investments, life & health insurance, pensions and real estate services.

 

Sagicor Life Jamaica Limited

28-48 Barbados Avenue,

Kingston

 

Sagicor Life Jamaica Limited is an insurance company.

  Jamaican

 

 

 

 

JMJPL does not have any executive officers.

 

(d) None of the Covered Persons, during the last five years, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e) None of the Covered Persons, during the last five years, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

(f) The citizenship for each of the Covered Persons is set forth in the table above.