Mayberry Investments Limited (MIL) and the Jamaica Central Services Depository (JCSD) has advised that they are in the process of completing the reconciliation of all applications in respect of the Wigton Windfarm Limited Initial Public Offering(IPO).
MIL further advised that the preliminary basis of allotment will be as follows:
- First, reserved Share Applicants will be allowed Shares on a “bottom-up” basis in tranches of 10,000 shares until all the Reserved Shares have been exhausted or all the Reserved Share Applications are met in full. If a pool is under subscribed, the excess shares will be used to increase the shares available in the public pool.
- Second, General Public Applicants will then be allocated Shares on a “bottom-up” basis in tranches of 10,000 shares until shares are exhausted.
Bottom up basis as per the Prospectus means, “All Applicants (large or small) up to the first 10,000 shares will be met. Applicants in excess of 10,000 will then be met in similar fashion in increments of 10,000 until all applications are met or all shares are allocated.”