October 1, 2019
Barita Investments Limited (BIL) has advised of the Closing and Basis of Allotment of the Excess Shares Pool to subscribers of the Renounceable Rights Issue of 77,897,303 New Ordinary Shares at a subscription price of J$45.00 per share. The Offer, made subject to the Circular Letter of BIL, dated August 19th, 2019, was upsized by 50% on September 11, 2019 to a total offer size of 116,845,955 shares. The Excess Shares Pool, principally comprised of the upsized share offer of 38,948,652 New Ordinary Shares, was oversubscribed. The Offer closed on September 20, 2019. At closure, a total of 116,845,955 New Ordinary Shares were allotted, resulting in the Company raising capital of J$5,258,067,975, 50% higher than the initial Principal Amount of J$3,505,378,635.
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