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Financial News

Sep 2013 Financial News

JMMB - Cumulative Redeemable Preference Share Offer

Sep 04, 2013

Jamaica Money Market Brokers Limited has informed the Stock Exchange that the 7.50% and 7.25% Cumulative Redeemable Preference Share Offer was closed on Friday August 30, 2013. The Offer was oversubscribed and in accordance with the provisions of the Prospectus, JMMB will alot further Preference Shares to all applicants in the amount that was subscribed. The details and basis of allotment is as follows:

- The Offer for 7.50% Cumulative Redeemable Preference Share was oversubscribed.
- The initial number of 7.50% Cumulative Redeemable Preference Share offered was 313,000,000. The total number applied for was 715,482,000.
- The initial number of 7.25% Cumulative Redeemable Preference Share offered was 50,000,000. The total number applied for was 15,358,000.
- The oversubscription of the Offer is as follows: 7.50% Cumulative Redeemable Preference Share – 402,482,000 Shares.
- All Shares applied for will be allocated to applicants out of Preference Shares currently held by JMMB.


Source:
The Trinidad and Tobago Stock Exchange Limited
Wednesday September 4, 2013