First case of Ebola diagnosed in US: health officials

WASHINGTON, (AFP) - The United States has diagnosed its first case of the deadly Ebola virus, the Centres for Disease Control and Prevention said on Tuesday. The patient is a man who became infected in Liberia and travelled to Texas, where he was hospitalised with symptoms that were confirmed t ... Read more

Business

Eppley opens pref offer today

Wednesday, November 20, 2013    

Print this page Email A Friend!


EPPLEY Limited will open its week-long preference share offering today, with the aim of raising $300 million.

The company plans to use the funds to expand its credit products, inclusive of leases and loans.

The preference shares will mature in five years on November 30, 2018, with cumulative preferential dividends at the fixed rate of 9.5 per cent per annum and are priced at $6 per share.

Minimum purchase is 5000 shares with multiples of 200 shares thereafter, placing the minimum investment at $30,000.

After the IPO, the preference shares will be listed on the Jamaica Stock Exchange.

"This will operate like a fixed income security as dividends are paid monthly," said Julian Mair, group chief investment strategist at JMMB, the securities arm of which is the lead broker for the offer.

Eppley's shareholders voted on a series of resolutions at an extraordinary general meeting last week that has authorised the Board of Directors to issue preference shares.

ADVERTISEMENT

POST A COMMENT

HOUSE RULES

 

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 Some comments may be republished on the website or in the newspaper – email addresses will not be published.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.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT
ADVERTISEMENT

Poll

Is Jamaica better off today than 3 years ago?
Yes
No


View Results »


ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT