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Regency Petroleum Limited IPO Prospectus Released


Regency Petroleum Limited IPO Prospectus
Regency Petroleum Limited IPO Prospectus

Regency Petroleum Limited, a petroleum distribution company in the Caribbean, announced the release of an Initial Public Offer (IPO) Prospectus. The invitation to the public is for a subscription of 287,157,354 new ordinary shares at a subscription price of J$1.00 per ordinary share.


Further details about the IPO can be found at https://www.jamstockex.com/regency-petroleum-limited-ipo-prospectus-junior-market/


With this announcement the company plans to raise capital of up to J$287,157,354.

If the offer is successful, the company will be listed on the Junior Market of the Jamaica Stock Exchange (JSE) which has won awards from Bloomberg for being the No.1 Performing Exchange in the World.


Regency Petroleum Limited operates in two main segments of the petroleum industry: Liquified Petroleum Gas (LPG) and Automotive Petroleum. Its presence is predominantly in the western parishes of Jamaica where it is headquartered. Currently it has one functional full-service station, a second under construction for completion in Q4 2022 and in the process of negotiating the acquisition of a third location.


The aim of the company is to raise funds to complete the construction of its second service station location, liquidate existing debt, expand its operations, and position itself for growth in customer base.


The invitation opens on November 24, 2022 and closes on December 08, 2022. Applications for the offer should be in increments of 100 shares with a minimum purchase of 1,000 shares. The Lead Broker is GK Capital Management Limited with selling agents JMMB Securities Limited and VM Wealth Management Limited.


The company plans to pursue a dividend policy of up to 30% of net profits available for distribution subject to the need for reinvestment in the business.


Interested parties should contact a Financial Advisor.


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Summary: Petroleum distribution company in Jamaica, Regency Petroleum Limited, announced the release of an Initial Public Offer (IPO) Prospectus.



Regency Petroleum Limited

Price

$1.00

Minimum Shares

1000

Share Increments

100

Registered Office

Jamaica

Listing

JSE Junior Market

Purpose

The aim of the company is to raise funds to complete the construction of its second service station location, liquidate existing debt, expand its operations, and position itself for growth in customer base.

Duration

November 24 - December 08, 2022

Lead broker

GK Capital Management Limited

Selling agents JMMB Securities Limited and VM Wealth Management Limited.

Dividend Policy

The company will adopt a dividend policy to pay-out up to 30% of net profits available for distribution subject to the need for reinvestment in the business.

Overview

Operations – Petroleum Distribution

Capital Raise of up to J$287,157,354

Approx. 172M (Reserved Shares) and 116M (Non-Reserved Shares) on a first come first served basis.


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