Please see below allocation posted on the Jamaica Stock Exchange.
JMMB Securities Limited, lead Broker for GWest Corporation Limited, has advised on the allocation of shares from the Invitation for Subscription in respect of 169,689,500 ordinary shares subject to the Company’s prospectus dated November 29, 2017. The Broker states that the Invitation closed on the Opening Date, December 7, 2017, at 4;30 p.m., due to it being oversubscribed by 41.3%.
JMMB Securities Ltd advises that a total of 1334 applications for shares valued at $599,310,000 were received and that the applications were dealt with on a pro-rata basis. The basis of allotment of the shares being as follows:
|Lead Broker Shares||100% allocation of shares applied for|
|JMMB Investment Management Shares||100% allocation of shares applied for|
|Key Partner Reserved Shares||100% allocation of shares applied for|
|Company Reserved Shares||100% allocation of shares applied for|
|General Public||100% of the first 10,000 shares applied for and 45.941% allocation of the balance|
JMMB Securities Ltd further states that the shares will be allotted in accordance with the terms and conditions set out in section 6 of the prospectus issued by the Company.