Basis of Allocation – Future Energy Source Company Limited Combined Offer for Sale and Initial Public Offer (IPO) (‘the Offer”)
NCB Capital Markets Limited has informed the JSE of the Basis of Allocation and methodology for allotment is as follows:
1) Broker Reserve Pool
Applicants in the Broker Reserve Pool shall receive an allocation as follows:
a. NCBCM shall receive full allotment of 100,000,000 shares
b. NCB Insurance Agency & Fund Managers Limited shall receive full allotment of 16,245,000 shares
c. The balance of shares in the Broker Reserve Pool of 58,755,000 which were not applied for will be transferred to the General Public Pool
2) Key Partner Reserve Pool
Applicants in the Key Partner Reserve Pool shall receive up to the first 250,000 shares (Base Allotment) plus a pro-rata allocation of approximately 80.1949%
3) Employee Reserve Pool
Applicants in the Employee Reserve Pool shall receive up to the first 50,000 shares (Base Allotment) plus a pro-rata allocation of approximately 72.3226%
4) General Public Pool
Subscribers to the General Public Pool will receive up to 1,000 shares (Minimum Subscription amount) plus a pro-rata allocation of approximately 43.8762% of the excess shares for which they applied above the Minimum Subscription Amount.
Multiple applications from the same JCSD account for each pool was combined and treated as one application for the purposes of allocation.
Refunds for Applicants who did not receive fully allotment will commence April 14, 2021. As stated in the Prospectus dated March 23, 2021, refunds will be made to the broker account or NCB bank account provided by Applicants on NCBCM’s GOIPO platform.
