Basis of Allocation – Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer

• NCB Capital Markets Limited (NCBCM) has advised of the Basis of Allocation of Tropical Battery Company Limited’s combined Offer for Sale and Initial Public Offer (IPO), as follows:
• Applicants in all reserved share pool will be allocated 100% of the shares for which they applied.
• Subscribers to the General Public Pool will receive up to the first 50,000 units (Base Allotment) plus a pro-rata allocation of approximately 30.6499% of the excess shares for which they applied above the Base Allotment.
• Refunds for Applicants who did not receive full allotment will commence on September 30, 2020.

(Source: JSE)