Dolla Financial Services Limited, a Micro Financing company in the Caribbean, announced the combined Offer for Sale and release of an Initial Public Offer (IPO) Prospectus. The invitation to the public is for a subscription of 250,000,000 new ordinary shares and 250,000,000 existing ordinary shares at a subscription price of J$1.00 per ordinary share.
Additional details may be found at: https://www.jamstockex.com/dolla-financial-services-limited-combined-offer-for-sale-prospectus-junior-market
The company seeks to raise capital of up to J$500,000,000 with the latest announcement.
If successful, the company will be listed on the Junior Market of the Jamaica Stock Exchange (JSE) which has been recognized twice by Bloomberg as the No.1 Performing Exchange in the World.
Dolla Financial Services Limited intends to raise funds to regionally expand its loan portfolio and strengthen its capital base with the proceeds from the invitation. The proceeds from the sale of existing shares will be used to settle existing debt obligations the Selling Shareholders assumed on behalf of the Company.
The invitation opens on May 27, 2022 and closes on June 10, 2022. Applications for the offer should be in increments of 100 shares with a minimum purchase of 1,000 shares. The Lead Broker is Victoria Mutual Wealth Management Limited. Selling Agents are JMMB Investments Limited, Barita Investments Limited and Mayberry Investments Limited.
The company plans to pursue a dividend policy of up to 50% of net profits available for distribution subject to the need for reinvestment in the business.
Interested parties should contact a Financial Advisor.
Check out more trending topics and for resources view saving and investment, property and household or use our tools or make contact.
Summary: Micro Financing company in Jamaica and Guyana, Dolla Financial Services Limited, announced combined Offer for Sale and release of an Initial Public Offer (IPO) Prospectus.
| Dolla Financial Services Limited |
|---|---|
Price | $J1.00 |
Minimum Shares | 1000 |
Share Increments | 100 |
Registered Office | Jamaica |
Listing | JSE Junior Market |
Purpose | The Company is seeking to raise funds to regionally expand its loan portfolio and strengthen its capital base with the proceeds from the invitation. The proceeds from the sale of existing shares will be used to settle existing debt obligations the Selling Shareholders assumed on behalf of the Company. |
Duration | May 27 – June 10, 2022 |
Lead Broker | Victoria Mutual Wealth Management Limited |
Dividend Policy | The company intends to pursue a dividend policy of up to 50% of net profits available for distribution subject to the need for reinvestment in the business. |
Overview | Operations – Micro Financing Located in Jamaica and Guyana. 500M Ordinary Shares (250M newly issued shares and sale of 250M existing shares) on a first come first served basis. |