The JMMB Group Ltd (JMMBGL) – Cumulative Redeemable JMD and USD Preference Shares Basis of Allotment

March 14,2018

The JMMB Group Ltd (JMMBGL) has advised on the details on the undermentioned securities basis of allotment as follows:

  • Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares
  • Cumulative Redeemable 7.00% Variable Rate JMD Preference Shares
  • Cumulative Redeemable 5.75% Fixed Rate USD Preference Shares
  • Cumulative Redeemable 5.00% Fixed Rate USD Preference Shares

The Offer for the Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares, and for the Cumulative Redeemable 5.75% Fixed Rate USD Preference Shares were oversubscribed.

The initial number of Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares offered was 950,000.00.  The total applied for was 1,848,937,000 Shares.

The initial number of Cumulative Redeemable 5.75% Fixed Rate USD Preference Shares offered was 4,500,000.  The total applied for was 21,265,000 Shares.

The initial number of Cumulative Redeemable 7.00% Variable Rate JMD Preference Shares offered was 50,000,00.00.  The total applied for was 32,177,000 Shares.

The initial number of Cumulative Redeemable 5.750% Fixed Rate USD Preference Shares offered was 500,000.  The total applied for was 155,000 Shares.

The oversubscription of the Offer is as follows:

Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares – 898,937,000 Shares

Cumulative Redeemable 5.75% Fixed Rate USD Preference Shares – 16,765,000 Shares

All Shares applied for will be allocated to applicants out of Preference Shares currently held by JMMB Group Limited.

2018-03-14T14:42:14+00:00