Mayberry Investments Limited (MIL) announces the closure of its Offer for Sale of 120,114,929 ordinary shares in its subsidiary, Mayberry Jamaican Equities Limited at the price of $7.56 per share, made subject to a prospectus of the Company dated Friday, June 29, 2018. The Offer for Sale Prospectus was published on Friday, June 29, 2018 and the Application List was open at 9:00 a.m. this morning. The Offer being fully taken up, the Application List was closed on Monday, July 9, 2018, at 1:00 pm.
The shares offered for sale by MIL constituted 10% of the issued share capital of Mayberry Jamaican Equities Limited and the amount raised was J$908 million. MIL continues to hold 80% of the issued share capital of the Company and the other 10% is currently held by MIL stockholders following a distribution in specie made to them in February of this year.
MIL further stated that it would be advising Applicants of the preliminary basis of allotment of the shares by Wednesday, July 11, 2018, in accordance with the Main Market Rules of the Jamaica Stock Exchange.
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