WIOC DIVESTMENT OFFER ENDS TODAY MAY 21, 2021

Today marks the final day in this phase of West Indies Oil Company’s (WIOC) divestment of shares offer.

The proposition which began on March 24 aims to make 10% of Government’s stake in the company available to private citizens and corporate entities.

Each investor must purchase a minimum of 50 shares at EC$60 per share which amounts to an EC$3,000 investment.

Initially scheduled to end on April 21, the offer was extended to allow corporate entities time to fine tune arrangements based on their fiscal position. The maximum number of shares available to these entities was also revised.

If Antiguans and Barbudans do not capitalize on the 301,920 shares available, the offer will pass to the wider OECS region.

WIOC aims to raise at least EC$18million from the venture to fund capital projects.