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JAMAICA | 31,000 Jamaicans to Own Shares in Wigton Windfarm

KINGSTON, Jamaica May 17, 2019 - The lead broker in the initial public offering (IPO) of shares in Wigton Windfarm, Mayberry Investments, has indicated that 31,000 Jamaicans will own shares in the company.

“What is more noteworthy, is that these 31,000 Jamaicans were willing to invest some $14 billion, when $5.5 billion was on offer. On May 22, Wigton will be proudly listed on the Jamaica Stock Exchange’s main market.”

This is the word from Minister of Science, Energy and Technology, Fayval Williams, as she made her contribution to the 2019/20 Sectoral Debate in the House of Representatives.

Mrs. Williams pointed out that the IPO has demonstrated the appetite of the Jamaican people to invest in the Jamaican energy sector.

In April of this year, history was made in the renewable energy industry, when Jamaicans were given the opportunity to invest in that sector by becoming owners of the largest wind energy facility in the English-speaking Caribbean – Wigton Windfarm Limited in Manchester.

Through this successful IPO, Jamaicans, with the smallest purchase of $1,000, were given the opportunity to take a further step towards energy independence by owning a stake in Jamaica’s energy future.

The Jamaica Central Securities Depository and Mayberry Investments say all public sector workers who applied for less than 15,000,000 shares in the Wigton IPO, were given full allocation. 
 
The remaining Reserved Shares were allocated sequentially in tranches of 10,000 until the Reserved Pool was exhausted.  
 
All members of the general public who applied for less than 8,500,000 units were given full allocation. 
 
The remaining shares in the public pool were allocated sequentially in tranches of 10,000. 
 
Both the public sector and the general public pools were oversubscribed.
  • Countries: Jamaica

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