JMMB 7.50% and 7.25% Cumulative Preference Share Offer Oversubscribed

Posted: September 3, 2013 at 12:00 am

 

Jamaica Money Market Brokers Limited has advised that the offer was oversubscribed and in accordance with the provisions of the Prospectus, JMMB will allot further Preference Share to all applicants in the amount that was subscribed. All Share applied for will be allotted to applicants out of Preference Share currently held by JMMB. As the Offer closed on the last day of work week (last Friday) and is oversubscribed, JMMB is currently encountering administrative constraints in the compilation and processing of the subscription applications in order to provide the information to the JSE by close of business September 2, 2013.

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