Key Insurance Company Limited has made an invitation for subscription and sale in respect of 92,115,215 ordinary shares subject to a prospectus dated 22 March 2016.
The invitation closed on the opening date, Tuesday, March 29, 2016 at 9:01 a.m. due t0 the oversubscription. A total of 155 applications for 123,187,000 shares valued at $279,634,490 were received.
Following the close of the offer, the selling shareholders have decided to exercise the overallotment option and sell an additional 11,053,827 shares, bringing the total shares available for subscription and sale to 103,169,042.
Applications were dealt with on a pro-rata basis. The basis of allotment of the shares was:
- Reserved Shares – 100% allocation of shares applied for;
- General Public – 100% of the first 5000 shares applied for and 58.92% allocation of the balance.
The shares will be allotted in accordance with the terms and conditions set of in section 6 of the prospectus dated 22 March 2016, issued by Key Insurance Company Limited.
For further information please contact
Karl Townsend – Chief Country Officer, Jamaica Capital Markets Unit, JMMB Securities Limited, 6 Haughton Terrace, Kingston 5. karl_townsend@jmmb.com
