The TT Securities and Exchange Commission (TTSEC) hosted the media in a second sensitisation exercise at the TTSEC’s office at the International...
Vous n'êtes pas connecté
PRINTING solutions provider Eric Solis Marketing Ltd (Solis) will open an initial public offering (IPO) on the TT Stock Exchange (TTSE) from July 16 to August 9. The IPO will be launched at the TT Chamber of Industry and Commerce a day before the offering goes live, with about 150 industry regulators and other stakeholders expected to attend. Solis proposed to issue 2,750,000 ordinary shares at $4, representing one-third of the total issued ordinary shares in the company. The IPO will be accessible to individual local investors, institutional investors, financial institutions, and registered companies in TT. NCB Merchant Bank TT Ltd (NCBMBTT) is Solis’ lead broker and underwriter for the offering. Solis chair Angella Persad said the IPO represents a major milestone in its 50-year-old history in business. “It reflects the company’s maturity and credibility, built on a foundation of family values,” said Persad. “We are proud to bring an attractive investment opportunity to the market.” Rishi Baddaloo, group managing director at Solis, said, “We have a healthy respect for all of our stakeholders who have been with us for a long time. “Our staff that drives the business, our suppliers who invest in and develop the technology embedded in the products we sell and services we provide, our bankers, and of course our shareholders who provide the capital to enable this.” Solis is an authorised dealer for brands, including Konica Minolta, Risograph, hp, Lexmark, Brother, Fellowes, Papercut and Samsung. The company rents and services multifunction printers and photocopiers. "Solis provides software to manage print costs (and offers) remote device monitoring," the company said. “With a commitment to delivering top-tier products and services to its clientele, Solis has grown (in profitability) over the last five years.” Solis also supplies other office automation and digitisation tools including scanners, shredders, and interactive displays. “Solis is a distinctive corporate entity with a legacy that exceeds (sic) in business in TT,” operating initially as an independent family business. The Office Authority Ltd acquired Solis in 2017, integrating it into its growing group of companies. NCBMBTT, the underwriter, is a non-bank financial institution and broker-dealer, licensed by the Central Bank and regulated by the TT Securities and Exchange Commission (TTSEC). It is a subsidiary of National Commercial Bank Jamaica Limited (NCBJ) whose parent company NCB Capital Markets Limited is part of the NCB Financial Group Limited (NCBFG). NCBMBTT CEO Marli Creese said the organisation was “excited to facilitate Solis’s entry into the public equities market, marking the first IPO on the market in over five years. “This represents a momentous occasion for investors and industry stakeholders,” Creese said. “The Solis IPO is a testament to the company's robust growth and commitment to excellence.” He said the company was proud to offer access to TT citizens via its digital equities application portal – GoIPO – available on its website. Solis has been approved for registration as a reporting issuer and a prospectus receipt has been issued by the TTSEC. The offering will be made through the prospectus, which will be filed with the TTSE. Copies of the prospectus relating to the offering can be obtained from NCBMBTT and are also available on the TTSE and Solis’ websites from July 16. The prospectus includes information to help potential investors make informed decisions and to help them understand their rights. It contains company details, including its leadership and management. The post Solis to launch initial public offering July 16 appeared first on Trinidad and Tobago Newsday.
The TT Securities and Exchange Commission (TTSEC) hosted the media in a second sensitisation exercise at the TTSEC’s office at the International...
PETALING JAYA: Saliran Group Bhd has released its prospectus yesterday in conjunction with its intended initial public offering (IPO) and listing on...
Credit Direct Finance Company Limited (Credit Direct), the consumer finance arm of FCMB Group Plc and one of Nigeria's leading digital-first...
The class of investors had accused Uber of numerous misstatements and omissions about its financial situation when filing registration statements in...
FCMB Group Plc is preparing to sell equity stakes in its fintech subsidiary, Credit Direct, through an Initial Public Offering (IPO). Credit Direct,...
Streaming platform Viu, which includes Canal+ among its investors, is looking to expand its content offering in South Africa.
MINISTER of Foreign and Caricom Affairs Dr Amery Browne, in a brief WhatsApp message to Newsday, expressed deep sadness over the August 9 plane crash...
ON August 11, as ace Trinidad and Tobago cyclist Nicholas Paul exited the men's keirin event at the quarterfinal stage of the 2024 Paris Olympic...
Renergen, owner of South Africa’s first onshore helium and liquid natural gas (LNG) production facility in Virginia in the Free State, saw its share...
Starbucks, struggling with weak demand and disgruntled investors, said Tuesday that CEO Laxman Narasimhan is stepping down after a little more than a...