NOTICE TO INVESTORS
FOR: IMMEDATE RELEASE
FOR: MAYBERRY INVESTMENTS LIMITED (MIL)
May 13, 2011
HONEY BUN (1982) LIMITED: BASIS OF ALLOTMENT OF SHARES TO THE PUBLIC
Kingston: Mayberry Investments Limited (MIL), lead broker in the application for admission of Honey Bun (1982) Limited (the Company) to the Junior Market of the Jamaica Stock Exchange (JSE) is advising that the basis of allotment of the shares offered to the public subject to the prospectus of the Company dated 3rd May 2010 (the Prospectus) has now been finalised.
MIL received 550 applications valued at approximately $300 million. The Company’s Prospectus offered shares valued at $50.79 million, so the offer was significantly oversubscribed and accordingly, it was closed early. The Company has now determined the basis of allotment of the shares in accordance with the terms and conditions set out in the Prospectus:
1. RESERVED SHARES TO COMPANY APPLICANTS AND KEY PARTNERS –
· 100% allocation
2. SHARES TO THE GENERAL PUBLIC
· Applications for 10,000 shares or less – satisfied as to 100%
· Applications for 10,001 or more shares – satisfied as to approximately 5.5 %
The above basis is subject to final reconciliation with the Jamaica Central Securities Depository.
For Applicants who are not MIL clients, refund cheques will be prepared and can be collected from 1 1/2 Oxford Road, Kingston 5, during normal business hours commencing Tuesday, May 31, 2011. For Applicants who are MIL clients, refund amounts will be credited to their respective accounts also commencing Tuesday, May 31, 2011.
All Applicants will receive a formal letter advising them of their respective allotment of shares in the Company in due course, on or before May 31, 2011.
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CONTACT: Dennise Williams TEL: 564-2493 E-mail: dennise.williams@mayberryinv.com
