Widebase Increase Ownership Stake in Dolla

• Dolla Financial Services Limited (DOLLA) announced that it received notice of Widebase Limited (Widebase) acquiring an additional 7.00% stake in the company, increasing its total ownership to 21.00%.
• The completion of this transaction is subject to regulatory approval from the Bank of Jamaica, the governing authority for micro-credit institutions, for Widebase to own 20.0% or more of Dolla.
• As at March 2025, only Dequity Capital Management Limited (20.0%), FirstRock Private Equity Limited (16.0%), Supreme Ventures Limited (15.0%), and Mayberry Jamaican Equities held a greater percentage of total units than Widebase Limited.
• Widebase is a wholly owned subsidiary of Mayberry Group Limited (MGL), which also owns Mayberry Jamaican Equities. As a result, MGL could potentially control 32.6% of the total units.

(Sources: JSE & NCBCM Research)