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NCB Financial Group Limited (NCBFG) Advises of Details & Basis of Allotment of Additional Public Off

07/06/2024 00:00:00   |  

NCB Financial Group Limited (“NCBFG” or the “Company”) has announced that its invitation for subscription of 78,500,000 New Ordinary Shares, as detailed in its prospectus dated Wednesday April 17, 2024 (the “Prospectus”), closed at 4:00 p.m. on Monday June 3, 2024. In accordance with section 8 of the Prospectus, the Company has determined that the Ordinary Shares will be allocated as follows:

 

Investor Pool

Basis of Allotment

Employee Reserve Pool

This pool of 785,000 shares was oversubscribed. Applications exceeding 100 ordinary shares, will be allotted the first 100 ordinary shares applied for and approximately 39.97% of the remaining amount applied for.

 

Applications for 100 ordinary shares will receive their full allotment.

General Public

All the applicants in this pool of 77,715,000 shares will be allotted 100.00% of the amount applied for.

 

Applicants whose applications were only partially accepted will be refunded the balance of their subscription monies as per the Prospectus. NCBFG will now proceed to apply for a listing of its New Ordinary Shares issued in this Additional Public Offer on the Main Market of the Jamaica Stock Exchange and on the Trinidad and Tobago Stock Exchange.

 

The teams at NCBFG and NCB Capital Markets Limited, the Lead Broker & Arranger, wish to thank all applicants.
 

         ************

About NCB Financial Group
NCB Financial Group Limited was incorporated in April 2016 to be licensed under the Banking Services Act as the financial holding company for National Commercial Bank Jamaica Limited (“NCBJ”). The NCB Group is the largest and most profitable financial services group in Jamaica, with roots dating back to 1837. Through the bank (NCBJ) and the Group’s wealth management, life and general insurance, and offshore banking subsidiaries, the NCB Group provides a wide array of financial products and services to meet the needs of individual and business clients. The NCB Group includes NCBJ, NCB Capital Markets Limited and its subsidiaries in Barbados and Cayman, NCB Insurance Agency & Fund Managers Limited, NCB (Cayman) Limited, TFOB (2021) Limited, Clarien Group Limited and its subsidiaries in Bermuda, Guardian Holdings Limited and its subsidiaries as well as NCB Merchant Bank (Trinidad and Tobago) Limited in Trinidad and Tobago.

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NCB Financial Group Limited
32 Trafalgar Road | Kingston 10 | Jamaica W.I.
www.myncb.com
For investor related queries email: [email protected]

Belinda Williams, Corporate Affairs Lead
Tel: 876-470-9878 | Email: [email protected]
 
Julia Wong-Brooks, Head - Investor Relations Manager
Tel: 876-364-5026 | Email: [email protected]

 
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