KINGSTON, JAMAICA
FOR IMMEDIATE RELEASE
19th December 2012
Paramount Trading (Jamaica) Limited
Invitation for Subscription and Proposed Admission to the Junior Market of the JSE
The Invitation for Subscription for 30,850,000 ordinary shares (the “Shares”) at the price of J$2.43 per share (the “Invitation”) made subject to a prospectus of Paramount Trading (Jamaica) Limited (the “Company”) dated Thursday 12th December 2012 closed at 9:01 today, 19th December, 2012, being the Opening Date.
The Invitation was approximately 6.4 times oversubscribed, and in excess of 330 applications were received.
Applicants (inclusive of Applicants for Reserved Shares) will be advised of the basis of allotment within three (3) business days in accordance with the Junior Market Rules.
Gary Peart, Chief Executive Officer of Mayberry, stated that he is “pleased at the success of the Invitation, which indicates the continued vibrancy of the local capital markets”. Mayberry Investments Limited is the sole financial adviser and lead broker to the Company in the Invitation and has, to date, brought 10 companies to list on the Junior Market of the Jamaica Stock Exchange.
The Company has been trading since 1991, and is today Jamaica’s second largest importer and distributor of raw chemical materials. The Company operates from an 18,000 square foot warehouse and administrative office, over one acre of outdoor storage yard space, 9 trucks, 2 forklifts, and ample machinery and equipment to more than handle its daily operations.
For further information please contact:
Tania Waldron – Gooden, Vice President, Research and Special Projects
Mayberry Investments Limited
383 – 2618 (mobile)
935 – 0817 (straight line)
tania.waldron@mayberryinv.com(e-mail)
