NEWS RELEASE
FOR: IMMEDATE RELEASE
FOR: MAYBERRY INVESTMENTS LIMITED (MIL)
September 29, 2010
LASCO FINANCIAL SERVICES ALLOCATION & REFUND FINALISED
Kingston: Mayberry Investments Limited (MIL), lead broker in the invitation for LASCO FINANCIAL SERVICES LTD to the Junior Market of the Jamaica Stock Exchange (JSE) is advising that 442 applications were received. Investors applied for approximately 31.1 million shares valued at approximately J$75.4 million.
Approximately 24.5million shares were on offer valued at approximately J$58.8million.
Mayberry is advising the public that the basis of allotment for the public pool has been finalized. All applications up to 50,000 shares will be fully allocated. Applications in excess of 50,000 shares will be allocated on a proportional basis after receiving the first 50,000 shares using a basis of 60.85%.
For Investors who did not receive full allocation, their refunds will be finalized and available by Friday, October 1st, 2010. Refund amounts for clients of JN Fund Managers Limited and Mayberry Investments Limited will be credited to their respective accounts. All other investors may collect their cheques at either JN Fund Managers Limited or Mayberry Investments Limited.
We take this opportunity to thank all investors who participated in the invitation and encourage those investors that were unable to participate to purchase shares on the Jamaica Stock Exchange once the shares of Lasco Financial Services Limited has been listed.
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CONTACT: Tania Waldron-Gooden TEL: 383-2618 E-mail: Tania.waldron@mayberryinv.com
