Barita Investments Limited (BIL) – Additional Public Offering

Barita Investments Limited (BIL) has advised that subsequent to the Company’s Extraordinary General Meeting, the Board of Directors of Barita Investments Limited on August 23^rd, 2021, passed the following Board Resolutions for an Additional Public Offer (APO) of shares to the general public:

1. The Board hereby approves the issue of up to 125,000,000 ordinary shares (“New Ordinary Shares”), as part of the authorized capital of the Company to the general public by way of an Additional Public Offer on the following terms:   (a)   APO Price of J$80.00 per New Ordinary Share;     (b)  New Ordinary Shares will be reserved for the benefit of certain specified investors in the amount determined in the discretion of  the Company;     (c)  APO to open on September 3^rd, 2021 (or such other date as determined by the Group Chief Executive Officer);    (d)  APO to close on September 21^st, 2021, for subscription by investors or such other date as determined by the Group Chief Executive Officer.
2. The Board hereby approves the ability of the Company to upsize by inviting offers for an additional 62,500,000 New Ordinary Shares on terms and conditions as the Directors or a Committee of Directors may consider expedient in their absolute discretion.