Dec 2018 Financial News

Readymix (West Indies) Limited -Execution of Collateral Mortgage and Collateral Guarantee Agreements

Dec 04, 2018

Notice is hereby given on November 28, 2018, the Board of Directors of Readymix (West Indies) Limited (Readymix or the Company) granted approval for the Company to enter into the following Agreements, related to the land development project (the project) by East Lake Development Company Limited (ELDC) and the Company subsequently entered into same:

1. Collateral Mortgage between ELDC, Readymix and Republic Bank Limited (RBL), over the property being       developed (18.9 hectares), for the purpose of securing the repayment of all monies due and payable under a Loan Agreement (the loan) between ELDC and RBL, for the financing of the project.
2. Collateral Guarantee between Readymix and RBL, for the purpose of securing the Loan, limited to a maximum sum of $21,765,000.00
    

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 04 December, 2018