KINGSTON, JAMAICA
FOR IMMEDIATE RELEASE
17 DECEMBER 2014
Eppley Limited: Basis of Allotment of Further Issue of 2019 Preference Shares
The further Invitation for Subscription in respect of cumulative redeemable preference shares maturing in 2019 (the “2019 Preference Shares”) at the price of J$6 per share (the “Further Invitation”) made subject to a prospectus of Eppley Limited (the “Company”) dated Tuesday 9 December 2014 closed on the Opening Date, Tuesday 16 November 2014 after 2 p.m. due to oversubscription.
The Company has exercised its option to make up to 41,666,667 – 2019 Preference Shares available given the oversubscription.
Over 100 applications for Shares valued at approximately $310 million were received.
All Applicants in the Further Invitation will receive a minimum allotment of 5,000 units of the 2019 Preference Shares with the balance of the 2019 Preference Shares applied for to be allotted on a pro-rata basis. This means that each Applicant will be allotted approximately 81% of the amount of 2019 Preference Shares they applied for.
Earlier in November the Company issued a prospectus for the initial Invitation of 2019 Preference Shares and confirmed that it will allot 58,333,334 – 2019 Preference Shares valued at $350 million. Due to excess demand for the 2019 Preference Shares in the initial Invitation, the Further Invitation was made. In total, the Company has raised over $600 million from the recent issues of 2019 Preference Shares.
The Company has applied to list the 2019 Preference Shares on the Jamaica Stock Exchange Junior Market platform before the year end.
For further information please contact:
Karl Townsend Nicholas Scott
Country Officer – Jamaica Managing Director
JMMB – Capital Markets Unit Eppley Limited
(876) 704 – 6520 (876) 371 – 2690
