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JMMB Group preference share offer oversubscribed


Keisha Forbes Ellis, chief country officer, JMMB Group – Jamaica.
The JMMB Group Limited (JMMBGL) preference share offer, which closed on March 9, was oversubscribed by 166 per cent, with subscriptions totalling approximately, $9.97 billion.
The company said, as a result of the overwhelming uptake from investors, it will exercise the option to upsize the offer up to the full amount of the subscriptions received to ensure that all investors are allocated 100 per cent of the number of preference shares that they subscribed for.
The regional financial conglomerate sought to raise a minimum of $6 billion via a three-week-long public offer of two billion cumulative redeemable preference shares at a price of $3.00 per share.  The preference shares mature in 2028. ....

Keith Duncan , Keisha Forbes Ellis , Damion Brown , Group Limited , Jamaica Stock Exchange , Forbes Ellis , கேய்ட் டங்கன் , கேஷா ஃபோர்ப்ஸ் நீள்வட்டம் , டாமின் பழுப்பு , குழு வரையறுக்கப்பட்டவை , ஜமைக்கா ஸ்டாக் பரிமாற்றம் , ஃபோர்ப்ஸ் நீள்வட்டம் ,