More CPJ details
Published:Friday | July 15, 2011 | 12:00 AM
Caribbean Producers Jamaica's IPO high-volume subscribers will get 75,000 shares and less than eight per cent of amounts above that level.
The groups for which shares were reserved will be allotted 82.49 per cent of volumes that top five million shares, lead broker Mayberry said Wednesday.
By Financial Gleaner calculations, an application from the public for 105,000 shares would qualify for 77,373 units [75,000 plus 7.91 per cent of 30,000], while a key partner who applied for six million shares would be allotted 5.8249 million units.
Applications from Caribbean Producers' staff and board, as well as subscriptions of up to 75,000 units from the public and up to five million from key partners, will be fully allotted.
Refunds will be made on July 26 for Mayberry clients and July 27 for others, the broker said.