Sagicor Investments Jamaica Limited has advised of the Closing and Basis of Allotment to subscribers of the issue of 90,909,091 ordinary shares in two classes; at a subscription price of US$0.11 per US$ Share and J$13.72 per $J Share. The Offer, made subject to the prospectus of Sygnus Credit Investments Limited, dated April 20, 2018, closed on May 16, 2018.
Further to an oversubscription, the prospectus outlined the Company’s right to upsize. The Company upsized the Reserve Share Applicant Pool by 100% to 80,000,000 Ordinary Shares; while the General Public Pool was upsized by approximately 117.68% to 110,818,040 ordinary shares.
The methodology and allotment of ordinary shares are as follows:
- Sygnus Employees
These applicants were allocated 100% of the amounts applied for.
2. Existing Shareholders
These applicants were allocated 100% of the amounts applied for.
3. All other Reserve Share Applicants
These applicants were allocated up to a maximum of 253,600 units of the amounts applied for. Excess amounts above this maximum were allocated from the General Public Pool.
4. General Public Pool
Of the applications received, the first 51,000 units were allocated 100%. The balance in excess of 51,000 units were allocated approximately 34.19%
