R.A. Williams Distributors Limited – IPO Basis of Allotment

• Sagicor Investments Jamaica Limited has advised of the basis of allotment of shares to successful Applicants in the offer of up to 400,000,000 ordinary shares in the capital of R.A. Williams Distributors Limited.
• The Offer made subject to the Prospectus dated June 19, 2024, closed on July 31, 2024, receiving $420Mn in subscriptions relative to the IPO’s size of $400Mn, a 5% oversubscription.
• The Prospectus outlines two (2) Reserved Share Pools and a Non-Reserved Share Pool. The methodology and allotment of ordinary shares are as follows:
• Applicants in the Company Applicants Reserve Share Pool shall receive full allotment of their subscription.
• Applicants in the Key Strategic Partners Reserve Share Pool shall receive full allotment of their subscription.
• All applicants from the Non-Reserved Share Pool shall receive the first 5,000,000 units plus a pro-rata allocation of approximately 56.01% of the balance in excess of 5,000,000 units.

 (Source: JSE)