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SHTA: Economic Recovery Process Too Slow

SINT MAARTEN (PHILIPSBURG) – “SHTA (Ed St. Maarten Hospitality & Trade Association) thanks the Netherlands for the generous support, primarily provided through the Trust Fund set up with the World Bank but also the funds spent on early help and recovery projects as well as the liquidity support provided to our Government,” the SHTA said in a statement on Thursday.

“Without these efforts, St. Maarten would today be much worse off than it is at this moment.

“The National Recovery and Resilience Plan (NRRP) while not actually containing any form of planning does provide an overview of the total damage, losses and needs arising from the hurricane Irma disaster.   

“SHTA commends our Government and civil servants for staying the course when prioritizing projects on which to spend the financial support funds provided through the World Bank. The training and education program executed by the St. Maarten Training Foundation is a good example of what can be achieved through understanding and cooperation.

“Unfortunately, over the years, the relationship of trust between the Government (representatives) of the Netherlands and the Government (representatives) of St. Maarten deteriorated to such a low level that the successful and (relatively) efficient execution of similar efforts after the hurricanes Luis (1995) and Lenny (1999) could not be repeated.   

“Instead, the Netherlands opted for interposing the World Bank for the disbursements and accountability of the available funds. While SHTA acknowledges the efforts and hard work provided by the people of the World Bank, the civil servants from both St. Maarten and the Netherlands, as well as other Government officials, it cannot be denied that the direly necessary projects are bogged down in procedures and red tape.

“SHTA would like to echo the original request made by the Governor to the Formateur of our current Government Coalition, specially ensuring that among the many projects emphasis be given to the recovery of the tourism sector.  So far, actions of the World Bank and the Economic Recovery Plan do not show this emphasis.

“Today, more than 13 months after the storm, not 1 cent has been spent on real economic recovery in the form of support for the business sector recovery. From information received during several meetings and discussions with World Bank representatives it appears that developing the required regulatory infrastructure and going through the process will take at least until May – June 2019.

“This means that the business recovery funding will most likely not be provided to businesses effected by Irma who by that time have been (forced to decide to) closed indefinitely but to new businesses starting up.

“Even though it would, in SHTA’s view, still be economic recovery it is no longer business recovery in a literal sense. Even though it is unclear to SHTA whether such recovery is even allowed under the Trust Terms agreed upon between the Netherlands, St. Maarten and the World Bank, the business owners that were forced to close will call it “covering the well after the calf has drowned”.”

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MPC High School Students learn about Impacts of Littering & Clean-up Mullet Bay Beach

SINT MAARTEN (MULLET BAY) - Last Friday the St Maarten Nature Foundation organized a beach clean-up with students of the Milton Peters College (MPC). Thirty students removed 186 pounds of trash from Mullet Bay Beach in just half an hour, by using the Trash Tracker method developed by Ocean Cleanup Organization 4Oceans by weighing all the collected trash and using reusable bags and gloves.

The students also learned about the harmful impacts of littering and trash on our environment, marine life and wildlife. Littering causes serious negative impacts on nature and our environment.

As an island, our trash and garbage washes down to the beaches straight into our oceans. Birds, marine life and wildlife are often found dead with stomachs full of plastic. Research from 2015 shows that 48% of fish tested had plastic in their stomach, by 2050 it is expected to have more plastic in the ocean than fish! 

The students learned how to prevent much unnecessary trash and to reduce their single-use plastic usage by using reusable products, such as a reusable water bottle, take your own shopping bag and us a spork, instead of single-use plastics. All students received a donated reusable water bottle from the Nature Foundation to substitute their plastic water bottles. 

“We are proud on these students because of their hard work this day, achievements and willingness to help the environment of St Maarten. These students maybe the future generation to protect our natural environment and that is very much needed on St Maarten!

“We hope the students will proudly use their donated water bottle and prevent 365 plastic water bottles per year to enter our oceans by using the reusable one. By using reusable products instead of single-use plastics, we are protecting our environment for future generations and reduce our waste output, as we all know the dump is already overfull. Nature is our Future; let’s keep our island clean and sustainable together,” concluded Nature Foundation’s Project Officer Melanie Meijer zu Schlochtern. 

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Ramesh Manek End Polio Now Walk-a-thon set for Saturday

SINT MAARTEN (PHILIPSBURG) - The Rotary Club of St Maarten-Mid Isle joins all other Rotary Clubs worldwide in observing World Polio Day on October 24, Rotary St. Maarten-Mid Isle said on Thursday in a statement.  

“In continuing their support for the eradication of polio worldwide the Rotary Club of Maarten Mid-Isle on Saturday October 20th will host their annual ‘Ramesh Manek ‘End Polio Now’ walk-a-thon fundraising event. Runners, walkers and cyclist are asked to meet at Tony’s Air Conditioning opposite Carl & Sons Unique Inn in Cole at 5.30am for a prompt start at 6am, if you cannot make the walk you are welcome to come and support The Rotary Club of St. Maarten-Mid Isle by joining us for fellowship at the breakfast.

“The ticket cost is USD 15 per person and includes breakfast and a T-shirt. Tickets are available from all Mid Isle Rotarians and can also be purchased at the event. The route is from Tony’s Air Conditioning – Orange Grove road – Waterfront Road – Airport Road – Causeway Bridge – Union Road – Orange Grove Road and back to Tony’s Air Conditioning.  In commemoration of World Polio Day Mid Isle will dedicate their meeting on Tuesday October 23rd to Polio with ‘A World Great Meal event to End Polio’.

“The Rotary Club of St Maarten-Mid Isle would like to ask all citizens of St. Maarten to think about this debilitating disease Polio that has only been removed from our part of the world since the 1960's. You too can be a part of the global effort to eradicate this disease globally very soon as we really are this close to total eradication, by participating in the various efforts to raise the funds needed. 

“These funds help to provide much-needed operational support, medical personnel, laboratory equipment, and educational materials for health workers and parents. Governments, corporations and private individuals all play a crucial role in funding towards the eradication of polio. 

“Polio Poliomyelitis (polio) is a paralyzing and potentially fatal disease that still threatens children in some parts of the world. The poliovirus invades the nervous system and can cause total paralysis in a matter of hours. It can strike at any age but mainly affects children under five. Polio is incurable, but completely vaccine-preventable.

“Since Rotary and its partners launched the Global Polio Eradication Initiative 30 years ago, the incidence of polio has plummeted by more than 99.9 percent, from about 350,000 cases a year to just 22 cases in 2017.

“To sustain this progress, and protect all children from polio, Rotary has committed to raising US$50 million per year in support of global polio eradication efforts. The Bill & Melinda Gates Foundation will match Rotary’s commitment 2:1. Without full funding and political commitment, this paralyzing disease could return to previously polio-free countries, putting children everywhere at risk.  Rotary has contributed more than US$1.8 billion to ending polio since 1985. 

“Until Polio is eradicated the Rotary Club of St. Maarten-Mid Isle remains fully committed to the global fight for the total eradication of Polio through its awareness and fundraising projects. 

“If you would like to make a donation or learn more about how you can help eradicate polio please contact any Mid Isle Rotarian or leave a message on our Facebook page Rotary Club of St. Maarten Mid Isle. 

“Rotary brings together a global network of volunteer leaders dedicated to tackling the world’s most pressing humanitarian challenges. Rotary connects 1.2 million members of more than 35,000 Rotary clubs in over 200 countries and geographical areas.

“Their work improves lives at both the local and international levels, from helping families in need in their own communities to working toward a polio-free world. Visit endpolio.org for more about Rotary and its efforts to eradicate polio.” 

The Rotary Club of St. Maarten-Mid Isle meets Tuesday at 7pm at Pineapple Pete in Simpson Bay. For more information please contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit their Facebook page Rotary Club of St. Maarten-Mid Isle.

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SINT MAARTEN LABOUR TRIPARTITE ATTENDS ILO CONFERENCE

SINT MAARTEN (POND ISLAND) - Representatives of the Sint Maarten Tripartite Committee (TPC) delegation recently attended the 19th American Regional Meeting of the International Labour Organization (ILO) in Panama City.

The meetings took place from the 1st to the 5th of October 2018. The theme of the meeting was; Preparing the Future of Work we want in the Americas, through Social Dialogue.

“Social dialogue is key to ensuring that countries move forward in the most productive and inclusive manner, raising productivity levels and social standards. Sint Maarten is a forerunner in the region, being one of the Caribbean islands having a full tripartite delegation at the meetings, regular tripartite discussions, relatively low labour unrest and the ability to amicably construct a tripartite consensus document, that considers the concerns of all workers’ and employers’.” – Emil Lee, Minister of VSA

The meetings brought together the political, economic and social actors, represented by members of governments, workers’ and employers’ representatives. Additionally, the meetings highlighted the impact and undying need for effective and continued Social Dialogue, Labour Productivity and Efficient Labour Market Preparedness to ensure “the future of work WE want”.

The Sint Maarten delegation took part in several discussions that have proven relevant to addressing our local labour market conditions. It was a fruitful trip as we were able to exchange and expand on these topics with our regional counterparts. The discussions at the event will benefit our local policy making capacity and also offer the country the needed support towards implementation of these policies while in the process of rebuilding our economy. 

The ILO is set to render advice on the extent of maternity and paternity leave to be established on Sint Maarten which would be presented to Parliament. In line with proper tripartism and supporting the social partners; identifying and recognizing employers’ organizations and ensuring training to both the employers’ and workers’ representatives will be a priority of the Ministry of Labour.

The Sin Maarten delegation also got the unique opportunity to meet with the Director General of the ILO, Mr. Guy Ryder. During this meeting, Minister Lee was able to express the need for the ILO to focus more specifically on the necessities of the Caribbean region, particularly post hurricane Irma.

Though economic dynamism and innovation is high in the region, productivity remains low. The first consensus document on Labour Reform for Sint Maarten was also presented during this meeting. Minister Lee shared the importance of social dialogue and gave a brief synopsis of the first consensus document, which derived from lengthy tripartite discussions. 

The workers’ and employers’ representatives supported these statements by acknowledging the importance of the consensus document and emphasized their desire to receive assistance and/or support from the ILO to be formally trained and locally institutionalized. – Emil Lee, Minister of VSA

Sint Maarten Delegation Team                 

Government Representatives 
Head of Delegation – Honourable Minister of Labour, Emil Lee
Acting Head of the Labour Department – Ms. Linda Froston
Legal Advisor, Department of Labour – Mr. Levinus Dijkstra
Policy Advisor, Department of Labour – Ms. Nikima Hickinson

Workers’ Representatives

Ms. Nataly Frans

Ms. Sophia Rismay Peterson

Employers’ Representative 
Mr. Shervin Frederick

 

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Ombudsman starts Systemic Investigation regarding Airport procurement process

SINT MAARTEN (PHILIPSBURG) - The Ombudsman, Dr. Nilda Arduin, has started a systemic investigation at the level of the functionally responsible Minister, into the procurement process/ Procurement Management Policy of Princess Juliana International Airport Operating Company N.V. (PJIAE) and the application of same in practice.

The transparency of the pertinent procedures and policies at the level of the functionally responsible government body for PJIAE, i.e. the Minister of Tourism, Economic Affairs, Transport and Telecommunication (TEATT), who is also the shareholder representative, is being queried.

Considering the nature of a complaint filed with the Ombudsman against PJIAE, and PJIAE having been identified and listed as a Private entity with Public authority (a ‘ZBO’), as well as transparency required from government owned or controlled private entities, the Ombudsman concludes that PJIAE is bound by the principles of propriety required from public bodies.

On 28 March 2018 a complaint was filed with the Ombudsman against PJIAE regarding a request from the pertinent company to PJIAE for an explanation why the company was not awarded the contract for which it submitted a tender.

Upon invitation from PJIAE the company submitted an offer for (a) project(s) for which bids were requested by PJIAE. As a reputable longstanding service supplier to PJIAE disclosure of the criteria used to award the project(s) was requested.

In addition, a copy of the Procurement Management Policy used by PJIAE was requested in order for the Complainant to familiarize itself and get a better understanding of the selection process and requirements in the tendering of future projects. By email dated 1 May 2018 Complainant was however informed that the Procurement Management Policy (PMP) is a confidential and internal document and could not be shared with the Complainant.

The Ombudsman attempted to resolve the complaint via an Intervention. However, after numerous correspondence between the Ombudsman, PJIAE and its legal representative, the Ombudsman proceeded to refrain from further investigation of the complaint, upon receipt of a rather vague response regarding alleged re-evaluation of the offers tendered by the invited vendors against PJIAE’s procurement policy and procedures.

The scope of propriety reflects the norms expected from (semi) government bodies in executing laws, policies and established procedures, among which are openness and transparency. Considering that the core of the complaint filed is of general interest to the public, the Ombudsman has resolved to conduct a systemic investigation regarding:

  1. The Procurement Management Policy of PJIAE (PMP) and the application of same; transparency of the pertinent procedures and policies/tender processes and evaluation at the level of the functionally responsible government body for PJIAE.
  2. The accessibility of the evaluation criteria used in the tendering and selection process to bidders, interested (third) parties and the public in general.

The Ombudsman observes that openness and transparency regarding PJIAE’s procurement procedures are critical in the rebuilding process, in particular considering that according to media reports the Sint Maarten Airport Reconstruction Project is one of the projects under preparation for funding via the Sint Maarten Recovery, Reconstruction and Resilience Trust Fund.

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5th Scotiabank Rotary-Rotaract Spelling Bee 2018 Kicked off on Sunday

SINT MAARTEN (CAY HILL) - Twenty-nine nervous and eager participants from sixteen schools were ready for the start of the preliminaries of the 5th Scotiabank Rotary-Rotaract Spelling Bee 2018 on Sunday at the Belair Community Center.

“Before the start of the Spelling Bee the St. Maarten Song was sung by Chantoni da Cunha and Disha Sharma, followed by speeches from the Honorable Minister of Education, Culture, Youth and Sports the Honorable Minister Wycliffe Smith who stressed that the children should READ, READ, READ to advance in their spelling.

“Assistant District Governor Marcellia Henry emphasized Rotary’s focus worldwide on basic education and literature. The representative from Scotiabank Ms. Imelda Joseph, Manager Service & Support, welcomed everyone and said Scotiabank were honored to be here with their commitment to The Rotary Club of St. Maarten-Mid Isle and the The Rotract Club of St. Maarten Sunrise for this spelling Bee.

“She also hopes that everyone involved will find it a rewarding experience. Ms. Joseph thanked everyone involved especially parents, teachers and others that have helped prepared the participants for this event and how important it is that we show our support for them.  

“President of The Rotary Club of St. Maarten Denise Antrobus gave the audience some feedback of what the participants thought of the four tutorials held this year at the University of St. Martin. She also thanked the sponsors for their support of the Spelling Bee which without them this would not have been possible.

“Special thanks went out to the main sponsor Scotiabank and chairlady service projects director Grace Linger for organizing this event.  President of The Rotaract Club of St. Maarten Sunrise Lerissa Rey made sure all the participants were ready, and also thanked parents, teachers and supporters for coming out. 

“All the speakers let the participants know that they were all already winners by being there and ready to compete.

“The judges were introduced, the moderator Rhoda Arrindell, head judge President Denise Antrobus, judges Rotarian Davy Moree and Rotarian Reena Manek, logistics tech Theodore Wilson and time keeper Rotarian Aernout Kraajeveld.

“Finally, an explanation of the rules was given to the participants, who were anxiously waiting the start. For the preliminary round the participants had to write twenty words. The word was read out, given in a sentence and read out again, they had thirty seconds to write the word on the sheet provided.

“The Top ten finishers representing six schools were Yaashoda Sanchara from Asha Stevens Hillside Christian School, Nasya gayle from MAC School – Rev. john A. Gumbs Campus, Nihal Chugani from St. Dominic Primary School, Khushi Soneji from Mac School – Browlia f. Maillard Campus, Sameer Chatani from St. Maarten Seventh Day Adventist School, Mikage Dorecelus from Ruby Labega Primary School, and from the Anguilla Schools, Tamara Hall-Sampson, Jayda Adams, Zakkai Lake and Ayana Carty.

“These top ten finishers are now headed for the semi-final round being held on Sunday October 21st. The five-top finishers from the semi-final round will head to the final round on Sunday October 28th.

“Don’t study to earn, study to learn, what you learn today is what you will become tomorrow,” Rotary Club of St. Maarten-Mid Isle said in a release on Tuesday.

The Rotary Club of St. Maarten-Mid Isle meets Tuesday at 7pm at Pineapple Pete in Simpson Bay. For more information please contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit their Facebook page Rotary Club of St. Maarten-Mid Isle.

participants judges etc 2018

All participants, judges and officials.

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Haarlem’s mayor in hiding after threats, hundreds show support at rally

SINT MAARTEN/THE NETHERLANDS – Hundreds of people packed into the Grote Markt in central Haarlem on Saturday to show support for the city’s mayor who has gone into hiding after receiving threats.

Wienen himself turned up at Saturday’s demonstration and thanked people for their support. ‘The fact that you are here for me is a sign that we all support democracy, a society in which you do not have to be afraid of violence,’ he said.

‘I am proud of Haarlem and Haarlemmers.’ Home affairs minister Kajsa Ollongren was among the speakers at the rally. ‘The threats made against Wienen were so serious that he has had to go into hiding,’ she said.

‘This is unacceptable in a democratic society.’ Police have declined to comment on the nature of the threats made against Jos Wienen, who has been under extra security since last month.

However, local news website NH Nieuws has suggested there may be a link with Wienen’s tough approach to organised crime. Some have pointed the finger at the motorbike gang Hells Angels because Wienen closed down their clubhouse last year. However, the group has denied any involvement. (DutchNews)

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Legendary Carnival Pioneers “Jolly Jumpers” announced their comeback

SINT MAARTEN (PHILIPSBURG) – October 11th 2018 marks the day that the legendary carnival troupe “The Jolly Jumpers” announced their comeback for the 50th anniversary of St. Maarten Carnival.

After being absent from the carnival scene for many years, they’ve decided to form integral part of the lineup of Rio Productions during the First and Second day parade in April 2019.

Former President of the Jolly Jumpers, Elise Romer, expressed interest in participating for the anniversary year as a show of support to Carnival 50! “We would not have missed this for the World” she said.

Romer was joined by Joyce Wathey and Rosa Brooks, both board members of the longstanding carnival troupe.

The Jolly Jumpers was not only one of the main carnival troupes for St.Maarten carnival but also the local pioneers of the Balloon Jump Up and the Lighted Parade. “Back in the day, the Lighted Parade consisted of participants who wore their day costumes, fully covered in lights” quipped Romer.

President of Rio Productions, Mrs. Brenda Wathey stated: “I am delighted that these carnival pioneers chose to collaborate with Rio Productions for the 50th anniversary of Carnival.

“When history meets modern, beautiful things happen! I have learned to respect the ones that came before us, so when we understood their intensions to play mas for this special occasion we immediately made provisions to ensure that these wonderful carnival contributors would have a prominent place in our lineup next year”.  

St. Maarten’s 50th Anniversary celebration is expected to be one of the biggest festivals in the region, ever, with thousands of participants & spectators, an abundance of live entertainment, and a wide variety of tourists from all over the World.

The St. Maarten Carnival Development Foundation (SCDF) announced April 22, 2019 to May 6, 2019 as the dates for the 50th anniversary of St. Maarten Carnival, and pledged that they will be going all out for Carnival’s Golden Anniversary.

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PARKLAND FUEL CORPORATION TO ACQUIRE 75% OF SOL

SINT MAARTEN/CANADA - Parkland Fuel Corporation (“Parkland”, “We”, “Our” or “Us”), (TSX:PKI) Canada's largest and one of North America's fastest growing independent marketers of fuel and petroleum products and a leading convenience store operator, and SOL Limited have entered into an agreement to complete a business combination (the “Business Combination” or “Transaction”) between Parkland and SOL Investments Limited (“SIL”) and its subsidiaries (collectively, “SOL”).

A privately-held company owned by the Simpson Group, SOL is the largest independent fuel marketer in the Caribbean and a wholly-owned subsidiary of SOL Limited. SOL supplies and markets a total of 4.8 billion liters of fuel volume annually across 23 countries in the Caribbean and generated US$215 million (approximately C$280 million) in adjusted earnings before taxes, depreciation and amortization (“Adjusted EBITDA”) in the 12-month period ending June 2018.

The Transaction will result in Parkland acquiring 75% of the issued and outstanding shares in the capital of SIL (the “SIL Shares”) for total consideration of US$1.21 billion (approximately C$1.57 billion) plus customary post-closing adjustments on a cash-free and debt-free basis (the “Purchase Price”), and SOL Limited acquiring 12.16 million common shares in the capital of Parkland (the “Parkland Shares”).

This equates to a purchase price multiple on the 75% equity interest in SOL of approximately 7.5x Adjusted EBITDA, excluding working capital. Upon closing the Simpson Group, through its ownership in SOL Limited, will own approximately 9.9% of the issued and outstanding shares in Parkland and its intention is to remain a long-term investor in Parkland.

The Transaction is expected to be immediately accretive to Parkland’s distributable cash flow per share by approximately 17% (pre-synergies). The remaining 25% of the shares outstanding in SIL are subject to the Minority Purchase/Sale Right (as defined below) pursuant to which Parkland may elect to acquire or SOL Limited may elect to sell the remaining shares in the capital of SIL.

Based on SOL’s Adjusted EBITDA for the 12-month period ending June 2018, the Adjusted EBITDA attributable to Parkland from the 75% ownership stake in SOL would have been US$161 million (approximately C$210 million), representing 75% of SOL’s Adjusted EBITDA for the period.

Parkland President and CEO Bob Espey said, “The addition of SOL will extend our global supply reach and enable us to continue to build our supply advantage to benefit our entire business. With its integrated supply chain backed by an extensive distribution network, fortress assets, a premier brand portfolio and an exceptional team, SOL has built a strong market position with unparalleled regional scale.

Together, Parkland and SOL create a significant North American and Caribbean growth platform. We are delighted to partner with the Simpson Group and welcome the opportunity to work with SOL’s strong management team to optimize and grow SOL’s industry leading retail and supply network through our combined scale and expertise.”

Sir Kyffin Simpson, CBE, Founder of SOL Limited said, “I am exceptionally pleased to announce the coming together (Business Combination) of Parkland and SOL, which will ensure an exciting and dynamic future for everyone. With a desire to continue to develop and grow the business through expansion in new areas, I am extremely blessed to bring in our good friends Parkland of Canada to the Caribbean. I have long admired Parkland as a company with their futuristic vision and energy, and I have been tremendously impressed with Bob Espey’s strong leadership along with his exceptional management team.”

“I am truly confident that this coming together with the fantastic team at SOL will be a complementary blend of cultures, ideas, technology and innovation. I am convinced that Parkland and SOL are perfectly matched to develop new and exciting opportunities, with renewed energy that will provide excellent avenues for the development of our people that will in turn enhance our customer experience and open new doors for great synergies and improved logistics.

“With forty-three million people and a GDP of more than US$200 billion, this is the perfect time to take advantage of the tremendous opportunities that abound in the Caribbean.”

“This coming together will also provide a big boost of confidence for regional investment opportunities and we are happy to do our part in this regard. Please therefore join with me in welcoming this wonderful team and organization to the region. I pray God’s richest blessings on this coming together and I look forward to what the future has in store for us all.”

Chief Financial Officer Mike McMillan said, "The scale of the pro-forma business combined with the strong cash flow from operations and operational synergies expected from SOL will further strengthen Parkland’s balance sheet and capital structure. The financing for the Transaction will enable Parkland’s pro forma total leverage ratio to remain below 3.5x. In addition, Parkland will be in a strong position from a balance sheet and capital structure perspective to continue to execute on our growth strategies.”

Key Highlights · The addition of stable earnings from 526 retail stations (266 company-owned or company-leased sites and 260 dealer owned and operated sites); · Provides an opportunity to roll out Parkland’s private label, loyalty and enhanced food offer; · Positions Parkland to access supply at scale in the US Gulf Coast, creating future growth opportunities and supply advantage in the US Gulf and Atlantic coasts for Parkland USA (in addition to our continued focus on the US Northern Tier and Rocky Mountain regions);

  • Total identified annual run-rate synergies of approximately 20% of SOL’s Adjusted EBITDA over the next three years; · Pro forma net debt to Parkland Adjusted EBITDA of approximately 3.2x on a consolidated basis with a strong deleveraging profile; and · The SOL operating brands will remain in place, and the SOL business will retain key management and continue to be managed from the Caribbean.

Parkland and SOL Limited, the sole shareholder of SIL, will enter into a shareholders agreement that grants a call right for Parkland and put right for SOL Limited (collectively, the “Minority Purchase/Sale Right”), pursuant to which Parkland may elect to acquire or SOL Limited may elect to sell the remaining 25% portion of the issued and outstanding shares in the capital of SOL (the “Remaining Shares”) at a value of 8.5x the Adjusted EBITDA of SOL based on the then current audited financial statements.

The Minority Purchase/Sale Right will be exercisable by either party for a period of 90 days following the release by Parkland of its audited financial statements for the fiscal year ended December 31, 2020 (or December 31, 2021 in the event that closing does not occur on or before December 31, 2018).

The Minority Purchase/Sale Right will be exercisable annually thereafter by either party for a period of 90 days following the release by Parkland of its audited annual financial statements. The Transaction is subject to the receipt of customary third-party consents and regulatory approvals, including approval of the Toronto Stock Exchange.

Closing of the Transaction is expected to occur in late Q4 2018. 

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Two passengers arrested by Alpha team at PJIA for possession of false ATM & Credit Cards

SINT MAARTEN (SIMPSON BAY-AIRPORT) - On Saturday October 6th, 2018 two male suspects arriving on an Air Caribe flight from Orly France were arrested by members of the Alpha Team operating at the Princes Juliana International Airport, police said in a statement on Wednesday.  

Both passengers identified with initials M.D.E.K. (27) and M.A.D. (20) were subjected to additional inspection than regularly after a member of the Alpha Team noticed their suspicious behavior at the immigration check point, the police report added. 

During the inspection of both passengers both of them had what turned out to be in possession of false ATM- and Credit Cards. Neither of them could give the investigating officers a clear and acceptable explanation to whom the ATM- and Credit Cards belonged to and why these cards were in their possession. 

Based on the suspicion that these ATM- and Credit Cards would be used to skim cash from the local ATM- machines both, suspects were arrested and taken to the Police Headquarters in Philipsburg for further questioning and remain in custody for further investigation. (Sint Maarten Police Force)

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