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IPO for Wigton Windfarm to open on April 17

Wigton Windfarms' Initial Public Offering (IPO) is scheduled to open on April 17 and close on May 1.
 
The prospectus was posted yesterday on the Jamaica Stock Exchange website.
 
Wigton is offering 11 billion shares at an offer price of  50 cents each - of this amount, 2.2 billion shares are reserved for public sector workers.
 
Following the IPO, an application will be made for Wigton to be listed on the Jamaica Stock Exchange.
 
The Government decided to divest Wigton as a part of  its Public Sector Transformation Programme.
 
It also represents the Government's first attempt to divest its assets by listing on the Jamaica Stock Exchange.
 
The Government previously disposed of  public assets by way of  divestment to private companies.


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