BERRY
MAYBERRY INVESTMENTS Limited will list on the Jamaica Stock Exchange tomorrow, becoming the first independent brokerage house in Jamaica to do so. The listing follows the completion of the allocation of shares to investors in the Mayberry initial public offering (IPO) by the Jamaica Central Securities Depository (JCSD) as well as the distribution of refund cheques, commencing April 19.
The IPO offered 159,098,560 units to the public at J$5.05. Applications were received from 7,967 persons for 636,852,900 units, resulting in an over subscription of 300 per cent, the highest in the history of the Jamaica Stock Exchange.
LISTING CEREMONY
The listing ceremony will take place at the Jamaica Stock Exchange and it will recognise officially Mayberry's new status as a publicly owned company while imitating the trading of its shares on the JSE.
"This marks the fulfilment of a long-held objective of our company. It provides the platform for our continuing expansion and growth to keep pace with the market's needs and to satisfy our customers' increasing demands for diversified financial products that will facilitate their wealth creation goals," said Mayberry's executive chairman, Christopher Berry.
Founded in 1985 by Maurice Berry, a former deputy governor of the Bank of Jamaica, Mayberry today is one of the country's largest brokerage houses.
