Jul 2013 Financial News

First Citizens’s shares go on sale tomorrow

Jul 15, 2013

Members of the public are being given the opportunity to own shares in State-owned First Citizens.

In a statement, the bank’s Manager, Group Corporate Communications, Dexter Charles, said the institution had launched its Initial Public Offering (IPO) of 48, 495, 665 ordinary shares at a cost of $22 per share.

Charles said the public can begin making subscriptions from tomorrow. Closing date for subscriptions is August 9, 2013, at midday, he said.

Charles said the lead distribution agent for the IPO is the First Citizens Brokerage and Advisory Services Limited.

He added that interested persons should look out for information on subscription agents and documentation requirements through the print and electronic media.

“First Citizens urges members of the public to take advantage of this opportunity to own a part of the only truly local bank in Trinidad and Tobago and share directly in the future success of this great indigenous institution,” Charles said.


Source:
Trinidad Newsday
Sunday July 14, 2013

http://www.newsday.co.tt/business/0,180665.html