NCB Financial Group is looking to raise about $5.1 billion via an additional public offer (APO).
The company published the prospectus on Thursday, disclosing also that the offer will open on May 6, and should run until May 27.
It says 78.5 million new ordinary shares will be on offer, with the option to upsize to 117.8 million shares.
The general pool of shares will be sold at J$65 each.
Some 785,000 shares are being reserved.
For the employee reserve pool, those shares will cost J$58.50.
Investors must purchase a minimum 100 shares, and increments of 10 thereafter.
The NCB Financial Group says it expects to receive net proceeds from the APO of about $5.030 billion after the sum to pay transaction costs is taken into account.
The group says it plans to use the funds raised to support a part of its plan to reallocate capital to reduce debt and bolster the company's cash flow.
comments powered by Disqus
.jpg)
All feeds
