iCreate Limited – Basis of Allotment to Subscribers of the Issue of 74,062,500 Ordinary Shares

Posted: February 4, 2019 at 5:24 pm

Sagicor investments Jamaica Limited has advised on the Basis of Allotment to Subscribers for iCreate Limited  issue of 74,062,500 Ordinary Shares at a subscription price of $J1.01 per share. The Offer, made subject to the prospectus of iCreate Limited, dated January 17, 2019, closed on February 1, 2019.

The Prospectus outlined two (2) Reserved Share Applicants and a General Pool. The Methodology and allotment of ordinary shares are as follows:

  1. Key Partner Pool A

These applicants were allocated 100% of the amounts applied for.

2. Key Partner Pool B

These applicants were allocated 100% of the amounts applied for.

3. General Public Pool

Of the applications received, the first 400,000 units were allocated 100%. The balance in excess of 400,000 units was allocated approximately 1.32%. 

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