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Transjamaican IPO Now Closed

Transjamaican Highway IPO Now Closed

NCB Capital Markets Limited (NCBCM) has advised that the National Road Operating and Constructing Company Limited offer for sale of shares in Transjamaican Highway Limited is now closed.

The Invitation for Application made by the National Road Operating and Constructing Company Limited subject to a prospectus dated January 31, 2020 in respect of 10,000,000,000 shares in Transjamaican Highway Limited at the price of J$1.41 or US$0.01 per share closed successfully on Monday, March 2, 2020, the Company states.

NCBCM stated further that the basis of allocation will be communicated to the Jamaica Stock Exchange subsequently.