3 March 2016
IronRock Insurance Company Limited (the “Company”) has made an invitation for subscription (the “Invitation”) in respect of 105,000,000 ordinary shares (the “Share”) subject to a prospectus dated 23 February 2016 (the “Prospectus”).
The Invitation closed on the Opening Date, Tuesday 1 March at 9:01 a.m. due to oversubscription.
A total of 344 applications for Shares valued at approximately J$571.8 million were received. Applications were dealt with on a first cone first served basis. The basis of allotment of the Shares as follows:
- Company Received Share applicants – 100% allocation of Shares applied for
- Key Partners Received Share applicants – 100% allocation of Shares applied for
- Mayberry Reserved Share applicants – 100 of the first 25, 000 Shares applied for and approximately 27.55% allocation of the balance
- General public – 100% of the first 25,000 Shares applied for and approximately 7.3055% allocation of the balance
The Shares will be allotted in accordance with the terms and conditions set of in section 6 of the Prospectus issued by the Company.
For further information please contact
Gary Peart – Chief Executive Officer
Mayberry Investments Limited
1½ Oxford Road, Kingston 5.
gary.peart@mayberryinv.com
