Partners, Jerome Lee and Roxanne Miller attended the recent official listing ceremony for Productive Business Solutions (PBS) on the Jamaica Stock Exchange (JSE). PBS issued the largest successful IPO in the history of the JSE. DunnCox acted for PBS in the matter. The multibillion dollar deal involved US$21.5M in ordinary shares and J$2.6B in preference shares being made available to the public.
PBS received commendations from the JSE for joining the JSE family and for raising the capital on the market. The Jamaica Observer reported Marlene Street Forrest, JSE managing director, as saying that ‘the listing paves the way for equity capital to be raised in Jamaica. This will, in turn, assist companies on the market to grow financially, making local businesses more competitive in the region and externally, thereby increasing the flow of funds to Jamaica’s economy.’
PBS was incorporated in 2010 as the sole holding company of the Facey Group’s business solutions and technology distribution businesses throughout the Caribbean and Central America. It specialises in the regional distribution of printing, computing, networking, storage, imaging, security and point of sale equipment products. Graphic communication, software integration, outsourcing, as well as document, facilities. A subsidiary of the Musson Group of Companies, the company has exclusive distribution rights for Xerox in 14 countries making it the largest distributor of Xerox in the Western Hemisphere. PBS also maintains regional distribution relationships with other premier technology brands such as Cisco, Oracle, HP and NCR. The company’s distribution spans multiple industries, inclusive of banking, insurance, telecommunications, utilities, manufacturing, distribution, mining, graphic communications, business process outsourcing and education.
For more information on PBS’s listing visit the Jamaica Observer’s at: http://www.jamaicaobserver.com/news/jse-lists-productive-business-solutions_110144?profile=1056