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**This Offer is Now Closed**

JMMB Group Limited Additional Public Offer of Ordinary Shares 

The JMMB Group was co-founded in 1992, by the late Joan Duncan and Dr. Noel Lyon, with a vision to create financial opportunities for individuals, from all walks of life, to achieve their goals. Love remains our driving force and shapes every aspect of who we are today. Having our clients’, team members’ and investors’ best interest at heart has propelled our phenomenal growth and solid financial performance.

Our journey to being a diverse regional financial group of companies would not have been possible without the confidence of our stakeholders. Today we have operations in Jamaica, Trinidad & Tobago and the Dominican Republic, providing a range of financial solutions, including: banking; investments; consumer financing; insurance brokerage; money transfer; and foreign exchange trading. As we extend our vision even further, we invite you to be a part of our movement built on love, because it’s more than an investment, it’s a partnership.

 

Download the prospectus

Addendum to Prospectus Dated October 15, 2019

Addendum 2 to Prospectus Dated October 15, 2019

 

Offer Details 

 

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Open Date

Tuesday, October 22, 2019

Closing Date

Monday, November 11, 2019

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Key Investors, Existing Shareholders and Team Members Offer Price

J$38.00

Non-Reserved Share Applicants Offer Price

J$38.75

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Minimum Purchase

300 New Ordinary Shares,
thereafter increments of 100 New Ordinary Shares

 

Read the full prospectus

 

Why Join The Movement

Team work makes the dream work and it would be our greatest joy to partner with you, to share our Vision of Love.

 

  • Consistent Income Stream: JMMB Group Limited’s (JMMBGL) ordinary shares potentially provide income flow in the form the of dividend payments. JMMBGL has paid an annual dividend per share of $0.49 per share for the 2018/19 financial year. Over the  last 5 financial years JMMB Group Ltd. has paid dividend as follows:

    Financial Year

    Dividend (J$) Per Share

    2014-2015

    32 cents

    2015-2016

    37 cents

    2016-2017

    45 cents

    2017-2018

    47 cents

    2018-2019

    49 cents
  • Capital Appreciation: The JMMB Group Limited (JMMBGL) ordinary shares has appreciated by 354% over the last 5 years (March 2015-March 2019).

 

  • Bolster your investment portfolio: As a JMMBGL shareholder you will have the opportunity to participate in the future growth of a regional diversified financial group that has shown consistent growth and solid financial performance.  JMMB Group Limited (JMMBGL) has seen 26% growth in net profit over the last 5 years March 2014 March 2019).
     
  • Increase your potential earning. If you are an existing JMMBGL shareholder you benefit from the lower offer price, relative to non-JMMBGL shareholders.  Additionally, the New Ordinary Shares are being offered at a price which is below the current trading price of the JMMBGL ordinary shares on the Jamaica Stock Exchange. 

 

How to apply 

 

As we expand our Vision of Love, we invite you to be a part of our next chapter of growth, financial empowerment and love. Here is how you can join the movement, by investing in a company that has the best interest, of all, at heart.

 

1 Read the JMMB Group Limited prospectus for Additional Public Offer of Shares.

2 Complete the application form provided in the prospectus

3 Submit your application form to any JMMB Investments Financial Life Goals Centre in Jamaica, or any of the selling agents in Jamaica, which are listed in the  prospectus. Applications must be accompanied by payment, via an approved payment method:

  • Manager’s cheques payable to the applicant’s stockbroker for amounts less than J$1 Million

  • Cleared funds held in an investment account in the applicant’s name at JMMB or JMMB Bank (Jamaica) Limited supported by an authorisation from the Applicant instructing JMMB or JMMB Bank (Jamaica) Limited to transfer the payment to their JMMB EMMA account.

  • Transfer from applicant’s JMMB EMMA account

  • Transfer from applicant’s account held with their stockbroker

  • Transfer in the Real-time Gross Settlement (RTGS) system, to the applicant’s stockbroker

  • Transfer via the Automated Clearing House (ACH), to the applicant’s stockbroker
     

4 NEW!!! For JMMB EMMA clients with JMMB Moneyline access, save time by submitting your application online, on JMMB Moneyline.  
 

The joint holder(s) on the JMMB EMMA account will need to provide approval  at https://moneyline.jmmb.com/personal/ipo.php, in order for your application process to be completed. 

 

Open your stockbrokerage account (JMMB EMMA)

If you do not already have a stockbrokerage account (JMMB EMMA), you can still own a piece of the company that has your best interest at heart. Start by opening your JMMB EMMA account with us, so that you can take advantage of this great investment opportunity, as well as other investment opportunities in the future.

1 Gather all your documents:

2 Visit you nearest JMMB Financial Life Goals Centre and speak to a representative 

3 Fund your account with a minimum of J$10,000 and/or the amount needed to purchase the required shares (whichever is higher).

4 Sign up for JMMB Moneyline online access. This will allow you to view your investments, buy and sell shares, transfer funds between accounts and more.

 

Key Highlights

 

Serving over 300, 000 clients, across the region, with a diverse range of financial solutions to help them realize their greatness. 

 

 

17% Growth in Net Profit (May 2018 - June 2019): because of our commitment to forging genuine heart-to-heart connections with our clients and offering value to our shareholders.

 

 

354% Appreciation in Share Price (March 2014-March 2019), which demonstrates the long-term value that we provide for our investors. 

 

 

J$2.34 Earnings Per Share (as at March 31, 2019)

 

 

85% Client Satisfaction (April - June 2019)

 

86% of team members think JMMB is a great place to work
 

J$110M+  (Donated to various charitable initiatives)
9000+ lives touched by transformational training

 

 

 

 

Know your broker 

When applying for the JMMB GL Additional Public Offer of Ordinary Shares, you will need your broker code, see below for a quick guide.  Application forms can be submitted to any our selling agents, for your convenience, whether or not that agent is your broker.

Name of Broker

Broker Code

JMMB Investments

17

Barita Investments

4

Mayberry Investments Limited

1

NCB Capital Market
*Applications only via GoIPO

9

Proven Wealth Limited

2

Scotia Investments Jamaica Limited

16

Sagicor Investments Jamaica Limited

18

VM Wealth Management

10

 

JMMB EMMA clients with JMMB Moneyline access can also submit applications on JMMB Moneyline.  

Frequently Asked Questions:

 

A minimum of 300 units and increments of 100 units valued at reserved price or that for the general public, whichever is applicable, may be purchased. 

In Jamaica: You may apply at any of the following selling agents: 
- JMMB Investments locations
- Mayberry Investments Limited locations
- Victoria Mutual Wealth Management Limited locations
- Barita Investments Limited locations
- Proven Wealth Limited locations
- Scotia Investments Jamaica Limited locations. 
- NCB Capital Markets only via GoIPO 
 

Existing Shareholders, Team Members & Key investors - J$38.00
Non-Reserved Share Applicants - J$38.75

The proceeds of this Invitation for the subscription of the additional public offer of ordinary shares will allow the JMMB Group to continue to execute its expansion and diversification strategy. In keeping with our business model, significant attention has been placed on acquiring and adding new businesses and new business lines.

By expanding and diversifying our business lines in the Dominican Republic, Jamaica and Trinidad and Tobago, the JMMB Group has evolved over the years into a dynamic regional financial services group of companies equipped to deliver innovative and integrated services, solutions and experiences focused on one overarching objective of helping clients achieve their financial goals.
 

The JMMB Group Limited Additional Public Offer of Ordinary Shares opens on Tuesday, October 22 in Jamaica.

New Ordinary Shares will be allocated after close of the application list when all the valid Applications are received. The application list will close on November 11, 2019 at 3:00 p.m. Jamaica time unless the Company elects to close the application list prior to the Closing Date. 

New Ordinary Shares will be allocated in two stages: 

a) Key Investors will be allocated from the Key Investors Pool;

b) Applicants who are (i) Existing Shareholders not already participating as Key Investors or (ii) Team Members will be allocated New Ordinary Shares from the Existing Shareholder & Team Member Pool on a “bottom-up” basis in tranches of 3,000 New Ordinary Shares and increments of 1,000 New Ordinary Shares until such Pool is fully allocated and/or all Applications by Reserved Share Applicants are met in full;

c) Applications by Non-Reserved Share Applicants will be allocated New Ordinary Shares from the Non-Reserved Shares on a similar “bottom-up” basis in tranches of 3,000 New Ordinary Shares and increments of 1,000 New Ordinary Shares

“bottom-up” basis means that all Applications (large or small) up to the first 3,000 New Ordinary Shares will be met. Applications for in excess of 3,000 New Ordinary Shares will then be met in similar fashion in increments of 1,000 New Ordinary Shares until all Applications are met or all the New Ordinary Shares are allocated.  

- In the event that any one category (i.e., whether Key Investor, Existing Shareholders & Team Member and Non-Reserved Applicants) is undersubscribed:

- all Applicants in such category will be allocated 100% of the New Ordinary Shares for which such Applicant applied.  Unallocated New Ordinary Shares in such category will be allocated to Non- Reserved Shareholders. 

Multiple Applications by the same Applicant shall be treated as a single Application for the purpose of Allocation/Allotment. For this purpose, Applicants will be regarded as being the same where it is either the same individual or corporate Applicant or, in the case of joint Applicants, the joint holders identified are the same.

Notwithstanding the above the Directors reserve the right to make adjustments to the basis of allocation to ensure fair and equitable allocation. Applications shall not receive any preference for purposes of allocation solely on the basis of the time at which they are submitted, provided they are received prior to the Closing Date.

JMMB Group Limited will issue 266,737,797 New Ordinary Shares, apportioned between:

(a) Key Investors: 150,000,000;

(b) Existing Shareholders: 80,000,000;

(c) Non-Reserved Share Applicants: 36,737,797

The company however reserves the right to upsize this offer to a maximum of 325,000,000 New Ordinary Shares.

- Manager’s cheques payable to "JMMB" for amounts less than J$1 Million
- Transfer to JMMB account 4549497 in the name of "JMMB Group APO" 
 

 

 

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