February 24, 2025
Kingston: Mayberry Investments Limited (“Mayberry”), acting as the broker for the take-over bid of up to 51,782,469 ordinary shares (the “Shares”) in Caribbean Producers Jamaica Limited (the “Company”), made subject to a take-over bid offer circular dated 9 January 2024 (the “Circular”), announces that the basis of allotment for the Shares has been determined.
In accordance with the terms and conditions set out in the Circular, the allocation is as follows:
Applicants who tendered their CPJ shares will have those shares accepted by A.S. Bryden & Sons Holdings Limited (ASBH) subject to a pro-rata allocation of approximately 67.401% of the shares tendered.
All applicants who tendered their shares and who either:
- (a) have less than 35.23 shares; or
- (b) have a balance of less than 35.23 shares remaining after the allocation of 10 ASBH shares for every 35.23 CPJ shares tendered,
ASBH shall for that balance of less than 35.23 shares, pay such applicant a price of J$10.50 per CPJ share tendered.
ASBH wishes to thank all Applicants that participated in the takeover bid and to congratulate all ASBH partners and team members that have been crucial in making this takeover bid a success.
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