GWest Corporation Limited Allocation of Shares

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.

GWest Corporation Limited Allocation of Shares

2017-12-19T16:18:34-05:00