KLE IPO Oversubscribed

Pan Caribbean Financial Services Limited (PCFS) has advised that the IPO for K.L.E. Group Limited which opened on Tuesday, October 9, 2012 at 9:00 a.m.was oversubscribed by 13% and was closed at 9:58 a.m.

PCFS has advised that Dr. M. Patricia Downes-Grant has resigned as a Director of PCFS effective October 4, 2012. She will be replaced by Mr. Peter Clarke whose appointment takes effect on October 30, 2012.