Jamaica Money Market Brokers Ltd – Closing of Invitation

Posted: December 5, 2014 at 12:00 am

 

 KINGSTON, JAMAICA
 
FOR IMMEDIATE RELEASE
 
5 DECEMBER 2014
 
 
138 STUDENT LIVING JAMAICA LIMITED:  CLOSING OF INVITATION
 
The Invitation for Subscription and Sale (the “Invitation”) made subject to a prospectus of 138 Student Living Jamaica Limited (the “Company”) dated Thursday 20 November 2014 closed on the Closing Date, Thursday 4 December 2014 at 4:00 p.m.
 
All of the Ordinary Shares and Preference Shares offered for subscription by the Company valued at $500m in the aggregate were fully taken up.  The Ordinary Shares offered for sale by the Selling Shareholders were taken up as to $31.3m in the aggregate.
All Applicants will receive a full allotment of the amounts that they applied for.
The Company will now apply to the Jamaica Stock Exchange (“JSE”) for the listing of the Ordinary Shares and the Preference Shares on the Main Market of the JSE.
JMMB Securities Ltd. was the lead broker for the Invitation. For further information please contact:
 
Karl Townsend                                                           
Chief Country Officer – Jamaica                                  
JMMB – Capital Markets Unit                                   
karl_townsend@jmmb.com                                               

(876) 704 – 6520        

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