JMMB Securities Limited has advised on the Basis of Allotment of Eppley Limited 2024 Preference Shares as follows:
The Invitation for Subscription in respect of cumulative redeemable preference shares maturing in 2024 (the 2024 Preference Shares) at the price of J$6.00 per share made subject to a prospectus of Eppley Limited (the Company) dated November 7, 2018 closed on Friday, November 16, 2018 at 10:30 a.m. due to oversubscription.
JMMB Securities Limited further advised that the Company has exercised its option to upsize the offer by an additional 16,834,000 units taking the total number of shares 83,334,000 units.
A total of 251 applications for shares valued at approximately $576.38 million were received.
The basis of allotment of the shares is as follows:
| General Public | 100% of the first 10,000 shares applied for and 86.3929% allocation of the balance |
