JMMB Group has unveiled plans to offer additional ordinary shares to the public in Jamaica as well as Trinidad and Tobago. Based on the prospectus, released yesterday, JMMB will offer 266.7 million shares.
The offer, that can be upsized to a maximum of 325 million shares, will open on October 22 in Jamaica and October 25 in Trinidad and Tobago.
Each share will be sold for $38 in Jamaica and $1.90 in the twin island republic.
JMMB says the proceeds will allow it to continue its expansion and diversification strategy.
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