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.