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Deadline extended for WIOC shares despite threat of injunction


Deadline extended for WIOC shares despite threat of injunction
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By Orville Williams
Persons looking to purchase shares in the West Indies Oil Company (WIOC) Limited, as part of the divestment of 10 percent owned by the Government of Antigua and Barbuda, now have even more time to prepare applications with the announcement of May 21 as the new closing date.
Late last month, the government announced that it would divest the small percentage of its holdings in the company – amounting to 301,920 ordinary shares – toward raising approximately EC $18 million, to “fund a number of its critical capital projects”. 
The offer opened on March 24 and was scheduled to run until April 21, until the announcement of the deadline extension. ....

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Public response to WIOC shares sale has been 'very good', firm says - Antigua Observer Newspaper


Public response to WIOC shares sale has been ‘very good’, firm says
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Members of the public have flocked to buy shares in the West Indies Oil Company (WIOC) since they went on sale last month, bosses claim.
And anyone still wishing to purchase some, now has another month to do so.
General Manager Gregory Georges told Observer yesterday that response to the sale had been “very good” but that he could not give specific details.
The regional oil storage and petroleum products provider has applied for an extension of time in which to sell 10 percent of the Antigua and Barbuda government’s stake in the firm. ....

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