Lyndsey McDonnough (left), marketing executive and co-managing director of Market Me Consulting Limited, converses with Sanya Goffe, legal council for JMMB and partner at law firm Hart Muirhead Fatta, following the listing ceremony held on September 30.
October 11, 2022
Business Social
PRODUCTIVE Business Solutions Limited (PBS) recently listed its perpetual cumulative redeemable preference shares on the Main Market of the Jamaica Stock Exchange (JSE) — the first company to do so in 2022.
The offer, which was upsized and oversubscribed, opened on August 12, 2022 and closed on September 9, 2022. PBS raised over US$18 million and some $500 million from the two-tranche preference share offer, making it the largest initial public offering (IPO) on the JSE to date in 2022.
The listing ceremony was held at JSE’s office in Kingston on Septemeber 30 and we share highlights from the event.
From left: Jose Misrahi, PBS group director greets his colleague Nicholas Scott, chief investment officer of the Musson Group of Companies
Jose Misrahi, PBS group director, practices placing the PBS preference share name plate on the listing board ahead of the official listing ceremony.
From left: Karl Townsend, chief country officer (Jamaica) of JMMB Group Limited’s Capital Markets Unit, engages in conversation with Andre Gooden, group business development manager of JSE, and PB Scott, chairman of PBS Group, after the listing of PBS’ preference shares on the JSE Main Market.
Andrae Tulloch (left), chief regulatory officer of JSE, signs the JSE’s Main Market Rule Book after it was presented to PB Scott, chairman of PBS Group
From left: Doyle Smith, corporate manager at JMMB Group Capital Markets Unit; PB Scott, PBS chairman: financial analysis Manager of the Facey Group, Phillip Myers, and Jose Misrahi, PBS Group director, were all smiles as they revel in PBS’ successful listing on the JSE during a ceremony held on September 30
