138 Student Living Jamaica received the full amount they sough from the capital market, when the initial public offer, was fully taken up at the close of the offer, on Thursday 4 December, JMMB Securities Ltd reported to the Jamaica Stock Exchange.
According to a release from the brokers “all of the Ordinary Shares and Preference Shares offered for subscription by the Company, valued at $500m in the aggregate were fully taken up. All Applicants will receive a full allotment of the amounts that they applied for.”
The Company offered 82,900,000 Ordinary Shares at $4 each and initially, 33,680,000 subject to an option to increase the amount up to 60,000,000 Cumulative Redeemable Preference Shares at $5. In addition shareholders of the company offered for sale 15,716,667 ordinary shares at $4 each to raise $62.8 million and received $31.3m.
The Company will now apply to the Jamaica Stock Exchange for the listing of the Ordinary Shares and the Preference Shares on the Main Market of the JSE.
138 Student Living gets money
December 5, 2014 by
[…] listed 138 Student Living advises that a related party sold 2,775,000 138 of the company’s shares on January 30, 2015. T he […]