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The firm’s main office is located in Kingston. Transjamaican Highway Limited (TJH) has advised that consequent to the meeting of the Board of Directors on September 30, 2020, it was decided that an interim dividend of $0.0748 per share will be made. TJH operates under a Concession Agreement with the National Road … Investors can expect the release of the prospectus for TransJamaican Highway and its possible listing in February, according to Prime Minister Andrew Holness. But as . The highly-anticipated initial public offering (IPO) for TransJamaican Highway opened on Monday. financial services sector. We are pleased to invite you to purchase up to 8,000,000,000 Ordinary Shares in the capital of TransJamaican Highway Limited (TJH), with the right to upsize the offer by an additional 2,000,000,000 Shares in the event of oversubscription on the terms and conditions set out in this Prospectus. Transjamaican Highway Limited was successful in its application to list its ordinary shares on the JSE’s Main Market and cross-list on USD Equities Market at the invitation price of JA$1.41 and US$0.01 per share, effective March 24, 2020. Highway 2000 East-West is a 49.9km tolled motorway with two distinct corridors: between Kingston and May Pen, and between Portmore … In the preference segment, Equityline Mortgage Investment traded 998 shares at US$1.95. TransJamaican is already projected to be the largest initial public offering of shares, or … tjh is traded on the jamaica stock exchange (jse) choose instrument. Eight billion shares in the company will be sold for $1.41 or US$0.01 each. The Offer opened on February 17, 2020 at 9:00 a.m. and closed on March 2, 2020, oversubscribed by 130%. Today this dream became a reality with TJH being listed on the Jamaica Stock Exchange. Transjamaican Highway Limited was successful in its application to list its ordinary shares on the JSE’s Main Market and cross-list on USD Equities Market at the invitation price of JA$1.41 and US$0.01 per share, effective March 24, 2020. We have been affected, especially because many relatively new investors to the market are extremely cautious. Catalog; Home feed; Jamaica Gleaner : 2021-02-10 ADVERTISEMENT : 34 : C10 ADVERTISEMENT. Brokerage firms rate the TransJamaican Highway, TJH, initial public offering of shares as a buy, with expectations that the stock price will rise in the short term.. That’s despite disclosures in the IPO prospectus indicating the toll operator was projecting pre-tax losses. Finance Minister Dr. Nigel Clarke made the announcement at a press conference this morning. We will continue to work closely with our stakeholders so that more companies use the markets to finance their businesses and grow the Jamaican economy. NROCC is ultimately owned and controled by the Government of Jamaica (“GOJ”). Commerce will resume. Market volume amounted to 10,999,409 units valued at over $42,539,683.05. About 5.3 billion shares have been reserved for TransJamaican Highway employees and its operating parties. TransJamaican Highway Limited (TJH) yesterday listed on the Main and US dollar markets of the Jamaica Stock Exchange (JSE). Show section. The company has priced each sh Data is provided “as is” for informational purposes only and is not intended for trading purposes. Over 36,000 persons applied to participate in the largest ever IPO in Jamaica’s history. We at NCB Capital Markets Limited thank the Government for their confidence in us and look forward to working with them on future listings. You are unable to modify these values. Details of the Initial Public Offer, IPO, for TransJamaican Highway are now out, it’s the most anticipated IPO since the government’s sale of Wigton Windfarm to the public last year, via the Jamaica Stock Exchange, JSE. Telephone: (876) 967-3271 Fax: (876) 924-9090. We are also pleased to see technology at work, as our GoIPO platform was once again used successfully in the process, to allow persons from across the world to partake in this IPO. Transjamaican Highway Ltd and the highway were here before COVID-19 and will be here after the virus goes. WIGTON WINDFARM LIMITED ORDINARY SHARES was the volume leader with 5,767,759 units (52.44%) followed by TRANSJAMAICAN HIGHWAY LIMITED with 1,624,435 units (14.77%) and CARRERAS LIMITED … TJH is the first road network company, which represents an integral part of Jamaica’s infrastructure, to list on the JSE. Highway 2000 East-West is a 49.9km tolled motorway with two distinct corridors: between Kingston and May Pen, and between Portmore and Kingston. Today, Transjamaican Highway Limited (TJH) lists its shares on both the Main and USD markets of the Jamaica Stock Exchange (JSE). The Company will … The offer, which was uploaded on the Jamaica Stock Exchange earlier today, doubles that of Wigton Windfarm, in which the Government of Jamaica raised $5.5 billion from the sale of 11 billion shares last April. Intraday data is delayed at least five (5) minutes. No details of the offer, such as the share price or opening date, have yet been revealed. The Company raised JA$14.1 billion, the largest amount raised from an Initial Public Offering (IPO) on the JSE. We are pleased to invite you to purchase up to 8,000,000,000 Ordinary Shares in the capital of TransJamaican Highway Limited (TJH), with the right to upsize the offer by an additional 2,000,000,000 Shares in the event of oversubscription on the terms and conditions set out in this Prospectus. The government is preparing to list TransJamaican Highway on the Jamaica Stock Exchange. Fair Value and Recommendation. The Jamaica Stock Exchange (JSE) has listed cumulative redeemable eight per cent preference shares for TransJamaican Highway Limited and common shares for Tropical Battery Limited on its Main and Junior Market, respectively. We would also like to thank our co-broker JMMB, our attorneys PMH, NROCC and their advisor PWC, as well as, the thousands of investors who participated in this IPO.”. The result of 2 years of tough, complex negotiations, and focussed work has meant that one of the most significant and recognizable infrastructure assets in Jamaica is owned by Jamaicans,” stated Mr Ivan Anderson, Managing Director of the National Road Operating & Construction Company. Its business activity is the development, operation and maintenance of a tolled road way known as “Highway 2000 East-West Phase 1A & 1”1 (H2000EW). TransJamaican Highway IPO Analysis. The Company now has a total of 31,624 shareholders. JSEInvestor.com, © 2021 Made in Jamaica and updated using publicly available data.Not affiliated with the Jamaica Stock Exchange. Members of the public are being advised that the TransJamaican Highway (TJH) Initial Public Offering (IPO) will close on Monday (March 2), one week ahead of the original March 9 closing date. The IPO, which is the largest in the country’s history, opened on February 17 with eight billion shares, and was upsized to 10 billion shares as a result of oversubscription. We wish Transjamaican Highway all the best in their journey as a listed company. TransJamaican Highway Limited (“TJH”) (the “Company”) is a wholy-owned subsidiary of National Road Operating and Constructing Company Limited (“NROCC”). Therefore, in addition to our own environmentally conscious objectives and initiatives, TransJamaican Highway Limited and Jamaican Infrastructure Operator Limited continue to sponsor the IOJ’s Earth Day competition in support of the view that all living things have an intrinsic value, and each plays a unique role in the construct of life. The gender mix was also quite interesting, as following the pattern with the Wigton’s transaction, more females applied for shares within this IPO, that is, 55%:45% female to male ratio”, Mrs Street Forrest disclosed. Sygnus Credit Investments shed 2 cents to settle at 13 US cents with an exchange of 10,755 stock units and Transjamaican Highway rose one-tenth of a cent to close at 1.1 US cents after trading 7,114,092 stock units. NROCC has offered to sell at least 64% of TJH, or 8 billion common shares, but it could increase the size of the deal to 80%, or 10 billion shares, according to a prospectus filed with the Jamaica Stock Exchange (JSE). Transjamaican Highway has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data. Transjamaican Highway Biggest IPO on the JSE, Raising JA$14.1 Billion, Jamaica Producers Group Limited (JP) – Trading in Shares, BSE Trading Report Package March 11, 2021, Winner of JSE’s 2021 Venture Capital Pitch – Science Teacher, Mr. Christopher Bennett, Lumber Depot Limited (LUMBER) Unaudited Financial Report for the Nine Months Ended January 31, 2021, Please click here to access our Terms, Conditions and Policies. We performed a valuation exercise on the shares of TJH which utilizing Free Cash Flow to Equity (FCFE) Method. SCOTIA GROUP JAMAICA LIMITED STATIONERY AND OFFICE SUPPLIES LIMITED STERLING INVESTMENTS LIMITED SUPREME VENTURES LIMITED SYGNUS CREDIT INVESTMENTS LIMITED JMD ORDINARY SHARES TTECH LIMITED WISYNCO GROUP LTD ORDINARY SHARES 7,402 5,969 13,037 35,404 3,978 100 371 1 31,300 9,016 8,940 199,100 8,128 … THE TransJamaican Highway (TJH) initial public offering (IPO) will close on Monday, March 2, one week ahead of the original March 9 closing date. 138SL - 138 STUDENT LIVING JAMAICA LIMITED, 138SLVR - 138 STUDENT LIVING JAMAICA LIMITED VARIABLE PREFERENCE, AFSVR2025 - ACCESS FINANCIAL SERVICES LTD. JMD $900M BONDS DUE 2025, AMG - AMG PACKAGING & PAPER COMPANY LIMITED, CABROKERS - CARIBBBEAN ASSURANCE BROKERS LIMITED, CAC9.50 - CAC 2000 9.5% CUMULATIVE REDEEMABLE PREF SHARES, CFF - CARIBBEAN FLAVOURS & FRAGRANCES LIMITED, CPFV - EPPLEY CARIBBEAN PROPERTY FUND LIMITED SCC, CPJ - CARIBBEAN PRODUCERS JAMAICA LIMITED, CPJVR2023 - CARIBBEAN PRODUCERS JAMAICA LTD. VR BOND 2023, CWJDEFERREDA - COMMUNITY & WORKERS OF JAMAICA CCU DEFFERED SHARE, ELMIC - EQUITYLINE MORTGAGE INVESTMENT CORPORATION PREF SHARES, EPLY5.00 - EPPLEY LTD 6% PREF SHARES DUE 2024, EPLY7.50 - EPPLEY 7.50% PREF SHARES DUE 2024, EPLY8.75 - EPPLEY LTD 8.75% PREF SHARES DUE 2023, FIRSTROCKJMD - FIRST ROCK CAPITAL HOLDINGS LIMITED, FIRSTROCKUSD - FIRST ROCK CAPITAL HOLDINGS LIMITED (USD), GENAC - GENERAL ACCIDENT INSURANCE COMPANY (JA) LIMITED, GWEST - GWEST CORPORATION LIMITED ORDINARY SHARES, ICREATE - ICREATE LIMITED ORDINARY SHARES, INDIES - INDIES PHARMA JAMAICA LIMITED ORDINARY SHARES, JMMB7.50 - JMMB 7.5% JMD PREFERENCE SHARES, JMMBGL5.50NC - JMMB GROUP 5.50% FR USD CR PREFERENCE SHARES, JMMBGL5.75C - JMMB GROUP 5.75% FR USD CR PREFERENCE SHARES, JMMBGL7.00NC - JMMB GROUP 7.00% VR JMD CR PREFERENCE SHARES, JMMBGL7.25C - JMMB GROUP 7.25% VR JMD CR PREFERENCE SHARES, JMMBGLUSD5.75 - JMMB GROUP LIMITED 5.75% USD, JMMBGLUSD6.00 - JMMB GROUP LIMITED 6.00% USD, JMMBUS6.00 - JMMB 6.0% USD PREFERENCE SHARES, JPS7 - JAMAICA PUBLIC SERVICE CO. LTD. 7%, MDS - MEDICAL DISPOSABLES & SUPPLIES LIMITED, MPCCEL - MPC CARIBBEAN CLEAN ENERGY LIMITED, MPCCEL - MPC CARIBBEAN CLEAN ENERGY LIMITED USD, NCBFGFR2021 - NCB FINANCIAL GROUP LIMITED 6.00% US-DOLLAR INDEXED BONDS, PBS - PRODUCTIVE BUSINESS SOLUTION LTD USD ORDINARY SHARES, PBS9.75 - PRODUCTIVE BUSINESS SOLUTIONS LTD 9.75% CUMULATIVE REDEEMABLE, PTL - PARAMOUNT TRADING (JAMAICA) LIMITED, PTL8.75 - PARAMOUNT TRADING (JAMAICA) LIMITED PREFERENCE SHARES, PURITY - CONSOLIDATED BAKERIES (JAMAICA) LIMITED, SCIJMD - SYGNUS CREDIT INVESTMENTS LIMITED JMD ORDINARY SHARES, SCIUSD - SYGNUS CREDIT INVESTMENTS LIMITED USD ORDINARY SHARES, SELECTF - SAGICOR SELECT FUNDS LIMITED - FINANCIAL, SELECTMD - SAGICOR SELECT FUNDS LIMITED MANUFACTURING & DISTRIBUTION, SML - STANLEY MOTTA LIMITED ORDINARY SHARES, SOS - STATIONERY AND OFFICE SUPPLIES LIMITED, SSLVC - SSL VENTURE CAPITAL JAMAICA LIMITED, TJH - TRANSJAMAICAN HIGHWAY LIMITED (USD), TROPICAL - TROPICAL BATTERY COMPANY LIMITED, VMIL - VICTORIA MUTUAL INVESTMENTS LTD ORDINARY SHARES, WIG - WIGTON WINDFARM LIMITED ORDINARY SHARES, WISYNCO - WISYNCO GROUP LTD ORDINARY SHARES.