One on One Educational Services Limited, an EdTech company in the Caribbean, announced the release of an Initial Public Offer (IPO) Prospectus. The invitation to the public is for a subscription of 380,000,000 new ordinary shares at a subscription price of J$1.00 per ordinary share.
Further details about the IPO can be found at: https://www.jamstockex.com/one-on-one-educational-services-limited-junior-market-prospectus/
With this announcement the company plans to raise capital of up to J$358,250,000.
Subject to the success of the offer, the company will be listed on the Junior Market of the Jamaica Stock Exchange (JSE) which is a multiple time awardee from Bloomberg for being the No.1 Performing Exchange in the World.
One on One Educational Services Limited aims to raise funds to invest in cutting edge learning content and technology enabling the company to expand regionally in new and existing markets and to boost working capital reserves.
The invitation opens on August 12, 2022 and closes on August 19, 2022. Applications for the offer should be in increments of 100 shares with a minimum purchase of 1,000 shares. The Lead Broker is Sagicor Investments Jamaica Limited. After the release of the prospectus, JMMB Investments Limited has been added as a selling agent and persons wishing to participate can do so via their MoneyLine Portal.
The company plans to pursue a dividend policy of up to 25% of net profits available for distribution subject to the need for reinvestment in the business.
Interested parties should contact a Financial Advisor.
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Summary: EdTech company in Jamaica, One on One Educational Services Limited, announced the release of an Initial Public Offer (IPO) Prospectus in conjunction with Sagicor Jamaica Investments Limited.
| One on One Educational Services Limited |
Price | J$1.00 |
Minimum Shares | 1000 |
Share Increments | 100 |
Registered Office | Jamaica |
Listing | JSE Junior Market |
Purpose | The Company intends to use the proceeds to capitalize on the accelerated demand for services across the region by investing in next generation learning content and using machine learning and artificial intelligence to personalize learning as well as off setting expenses relating to the invitation |
Duration | August 12 - August 19, 2022 |
Lead Broker | Sagicor Investments Jamaica Limited |
Dividend Policy | The company plans to pursue a dividend policy of up to 25% of net profits available for distribution subject to the need for reinvestment in the business |
Overview | Operations – Remote educational services Capital Raise of up to $ J$358,250,000 380,000,000 new ordinary shares on a first come first served basis. |