Mayberry Investments Limited (“Mayberry”), issuer of the invitation for subscription for up to 129,689,219 ordinary shares (the “Share”) in EduFocal Limited (the “Company”), made subject to a prospectus dated 17 February 2022 (the “Prospectus”) is advising that the basis of allotment of the Shares has been determined.
In accordance with the terms and conditions set out in the Prospectus, the allocation is as follows:
1. Key Strategic Partners:
a. Applicants in this reserved pool will receive all their predetermined amount.
b. Applicants who applied for more than their predetermined amount will receive a pro-rata allocation of approximately 59.67% of the excess shares for which they applied.
c. Applicants who were not allotted their full amount, the excess balances were transferred to the General Public Pool and allocated per below.
2. Shares for the General Public
a. All applicants from the General Public will receive up to the first 10,000 shares (“Base Allotment”) plus a pro-rata allocation of approximately 16.57% of the excess shares for which they applied above the Base Allotment
The final basis of allotment will be provided as soon as the reconciliation has been completed with the Jamaica Central Securities Depository (JCSD).
