NCB Capital Markets Limited, Broker Dealer for Wisynco Group Limited (WISYNCO), has updated their advisory on the final Basis of Allocation of the Ordinary Shares following the closure of Invitation to Subscription of WISYNCO’s Initial Public Offering,
Methodology for Allotment of Ordinary Shares:
1) Reserve Shares
a. Applicants in the Employees pool were allocated 100% of the amounts assigned by the Directors of Wisynco Group Limited.
b. Applications in the Strategic Investors pool were allocated 100% of the amounts assigned by the Directors of Wisynco Group Limited
c. Applications from the Broker pool were allocated 100% of the amount allotted.
2) General Public Pool
Subscribers from the General Public pool received full allocation up to the first 25,000 units. The balance in excess of the 25,000 units was allocated at approximately 18.81%.
NCB Capital Markets Ltd said that a total of 7,382 applications totaling J$18.8 billion were received and that the allocation has been finalized and approval by the Jamaica Central Securities Depository (JCSD).
