JN Fund Managers Limited has advised on the completed allotment of 50,024,100 units of Stationery and Office Supplies shares offered in the IPO.
The allocation is summarized as follows:
|
|
|
Total Share Pool |
Amount Applied |
Amount Allotted |
|
# of Applicants |
(as per Prospectus) |
|||
|
SOS’ Employee and Family |
42 |
12,500,000 |
8,154,000 |
8,154,000 |
|
General Public |
934 |
27,524,100 |
186,051,000 |
31,870,100 |
|
JN Fund Managers’ Clients |
240 |
10,000,000 |
55,319,000 |
9,999,950 |
|
Total |
1,216 |
50,024,100 |
249,524,000 |
50,024,050 |
The method of allocation used for each category as agreed on by each stakeholder group is as follows:
- SOS’ Employee and Family – All units were allotted based on the amount applied for (in line with maximum limit defined by the senior management of SOS). A balance of 4,346,000 units were returned to the General Public pool.
- General Public – Shares were allotted based on a minimum of 5,000 units, then on a pro rata basis taking into account the number of units applied for as a percentage of the total application pool in this category.
- JN Fund Managers’ Clients – Shares were allotted using a minimum value that ensured the widest number of applicants received full allocation of shares applied for. These clients will receive full allotment up to 76,650 units and no additional percentage of any excess of that amount applied for.
JN Fund Managers Limited has further advised that based on this allocation method, there is a balance of 50 units remaining to be allocated at the discretion of SOS’ Management.
