tTech to refund JCSD fees

Subscribers to the initial public offering of the tTech shares who did not pay the JCSD fee of $134 with their applications will not be required to pay the amount and investors who actually paid will be refunded in full, Ramon Pitter of NCB Capital Markets, brokers to the issue informed IC Insider today.
Pitter said management agreed to the proposal from the brokerage house of the position recommended to them.
IC Insider learnt that the level of subscription was higher than first disclosed that the level of oversubscription now stands at close to 400 percent. Allocation of the shares has not been fully determined, Pitter indicates that all successful applicants will get at least the minimum of 5,000, with amounts over that amount to be determined when the final numbers have been agreed. The allocations should be know before Christmas with trading likely to commence before the year closes.
CAC 2000 public issue which was closed on Friday, is said to be over the amount by mid-day of Friday. The level of oversubscription was unknown earlier today, but seems not to be heavily over, with closer on the same day but ahead of the official closing date of Wednesday December 23.