TJH Basis of Allotment Released on JSE

• Details surrounding the basis of allotment of the TransJamaican Highway offer for sale, which closed on March 18, 2025, were released on the Jamaica Stock Exchange on March 25th.
• Given that the offer for sale was oversubscribed by more than 36.0% of the upsized amount, not all applicants will receive the full allocation. The pool of Strategic investors will receive 100.00% of the amount applied for. Meanwhile, the General Public will be allotted the first 2,778,000 Sale Shares applied for and approximately 33.065% of any remaining shares requested.
• All Applicants will receive a formal letter from the JCSD informing them of their respective allotments of shares in Transjamaican Highway Limited in due course. JCSD Accounts for successful Applicants are expected to be credited with the allotted Sale Shares on or before Monday, March 31, 2025.
• At market close on March 26th, TJH’s USD and JMD shares traded at US$0.026 and J$3.99, respectively, which is 14.0% and 10.8% higher than the offer prices of US$0.0228 and J$3.60.

(Source: NCBCM, JSE)