ST JOHN’S, Antigua (CMC) – The West Indies Cricket Board (WICB) has withdrawn the Under-19 team from its tour of Bangladesh.
The WICB said the decision to withdraw the team is in the best interest of the safety and security of the players and officials.
“The WICB’s decision was taken following con ...more »
THE initial public offering (IPO) of shares in Eppley Limited was oversubscribed, lead broker Proven Wealth announced yesterday.
Eppley, which manages a portfolio of loans, leases and other forms of commercial credit, aimed to raise $82.6 million through an invitation for subscription for 218,999 shares in the company, at a sale price of $377 per share.
The company opened the invitation on Monday. The offer was closed early on the same day, announced Proven Wealth, the arrangers and lead brokers of the offering. The note was originally scheduled to close on Monday July 29, 2013 at 4:00 pm
"The response to the offer has been very good with the issue being oversubscribed and hence the early closure," Chorvelle Johnson, Proven Wealth's president and CEO, noted in a press release.
The securities dealer is set to announce the basis of allotment within three business days.
Eppley intends to use the proceeds of the IPO to fund credit facilities and to pay the expenses of the invitation, which the directors believe will not exceed $7.5 million, according to the company's prospectus.
Eppley, which is majority owned by Musson Investment, is chaired by chief operating officer of the Musson Group, Nigel Clarke. Its managing director is Nicholas Scott.
Eppley, which is majority owned by Musson Investment, is
chaired by chief operating officer of the Musson Group, Nigel
Clarke (left), while its managing director is Nicholas Scott.
POST A COMMENT
1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.
2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
4. Please do not write in block capitals since this makes your comment hard to read.