July 21, 2025
Innovative Energy Group Limited (ENERGY) has advised that its shareholder, IEC Energy Company Limited (IEC), intends to sell a portion of its ordinary shares on the open market as part of ENERGY’s commitment to maintaining the public float requirements under Rule 402B(i) of the Main Market Rules, so that at least 20% of the issued share capital is held by the public.
ENERGY has further advised that IEC will offer for sale 51,740,704 ordinary shares, representing approximately 3.931% of ENERGY’s issued share capital, on the open market through a licensed broker-dealer during regular trading sessions. The sale of these shares will commence within 10 business days of this notice and is expected to be completed within 6 months, or such extended period as may be approved by the Jamaica Stock Exchange.
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