Facey Group

Public gets small amount of Seprod shares

November 12, 2018 by IC Insider.com

Some of Seprod,s product

Just under 92 million shares of Seprod were offered for sales by Facey Group in October and was oversubscribed. All applications for Reserve Shares in the offer were fully allocated, according to a release from NCB Capital Markets.
55 million shares were reserved for employees and directors and existing Seprod shareholders and the Lead Broker.
Subscribers from the general public will receive up to the first 5,000 units for which they applied, with the balance greater than 5,000 units allocated approximately 16.56 percent. The shares were priced at $23.99 each but trades on the Jamaica Stock Exchange at $39.

Filed Under: Company News, General Business News, Initial Public Offers Tagged With: Facey Group, Seprod

Seprod shares attract nearly 4,000 applicants

November 8, 2018 by IC Insider.com

Seprod shares sold at $24 each.

Many investors who applied for Seprod’s shares that were sold publicly in October will end up getting a relatively small allocation with nearly 4,000 applications chasing the 91.9 million Seprod shares that were offered for sale in October.
According to the release “Facey Group Offer of Seprod Ordinary Shares based on the broker’s preliminary numbers, the indication is that they received 3,799 applications.
“NCB Capital Markets advises and due to the large number of subscribers for the Offer, the process is taking longer than anticipated.” NCB Capital Markets advised that it is in the process of reconciling the applications and verifying payments received and has requested approval to provide the Basis of Allotment on Monday, November 12, 2018.
Based on the number of applications, the average allocation would be around 24,000 shares each but with NCBCM allocated 10 million units the average falls to 21,000 units however 45 million units were set aside for exiting Seprod’s shareholders, staff, current and past directors.
The shares that were offered for sale at $24 traded on the Jamaica Stock Exchange today at $39 each.

Filed Under: Company News, Stock Market Tagged With: Facey Group, Jamaica Stock Exchange, NCB Capital Markets, Seprod

Agostini’s acquires Facey in Barbados

February 16, 2015 by IC Insider.com

Agostini’s Limited, a Trinidad and Tobago listed company said on Friday that it acquired all the shares in Facey Trading a fast moving consumer goods Barbadian company.
Facey Trading is a distribution business operating in Barbados and was owned by Facey Group with headquarters in Jamaica. Paul Scott of Facey Group, confirm the sale to Agostini’s. They approached us with an offer and we decided to sell, we sold the business but kept the property which is leased to the new owners of the business Scott, confirmed in an interview with IC Insider. It would appear that the size and state of the Barbadian economy played a role in the decision to sell. Facey Group continues to operate in Barbados in the IT and telecom phone card sector Scott said.
Agostini’s reported profit of TT$27 million for the first quarter to December 2014 from revenues of TT$408 million compared with profit of $27 million from revenues of $378 million in the 2013 period. For the year to September 2014 revenues came in at $1.36 billion resulting on full year’s profit of $80.5 million. Earnings per share for the quart was 46 cents and $1.36 for the full year. The stock last traded at $17.60. Agostini’s is involved in pharmaceutical, personal care, food and construction product distribution.