Carib Cement – Rights Issue stalled

Posted: December 10, 1996 at 12:00 am

Negotiations for the underwriting of the proposed rights issue of 105.5 million ordinary shares in the capital of the company though nearing completion have not been finalised. The Directors do not consider it in the best interest of the shareholders to proceed until the underwriting arrangements are in place. The Directors have therefore taken a decision to postpone the issue with the expectation that the offer will be made in the first quarter of next year. As soon as a decision has been taken to proceed with the issue the shareholders will be advised.

Leave a Comment