Ramon Small-Ferguson, Vice President of Asset Management and Research at Barita
Barita investments has disclosed that there was an overwhelming take up from frontline workers in its Additional Public Offering.
Barita issued up to 200 million ordinary shares at prices ranging from $48 to $53 each.
The company created the price range to allow frontline workers to benefit easily from the offering.
Ramon Small-Ferguson, Vice President of Asset Management and Research at Barita, said there was a strong response from frontline workers.
"To date, over half of the applications that we have received are persons who have applied through one of our concessionary pools. So it definitely has afforded several Jamaicans the opportunity to participate in this offer at below market rate," he noted.
He said the COVID-19 pandemic has underscored the importance of these categories of workers and so, the APO was a way to give back to these groups as well as society.