CUC sells off shares to raise $30M
(CNS Business): Shareholders in Caribbean Utilities Company (CUC) are being invited to buy more shares in the local power provider as it seeks to raise around US$31 million to help fund extra generating capacity. The rights offering to existing shareholders only, for Class A ordinary shares, opens on 27 March and will close on 30 April. CUC President and Chief Executive Officer Richard Hew said it would also strengthen the company’s balance sheet.
Category: Economy
stupid people have lots to say
smart people buy CUC shares
“A 30-day buy-in party.” -and we’ve not been invited. What a mess.
There is an open invitation to become a CUC shareholder as the shares are traded publicly. Just make an offer to buy on the market. You may also buy shares through the company as a customer.
So the existing shareholders are able to bring in another 30 million.
Now you know why the rates are so high.
Dividend has to be paid to them.
You can buy cuc shares at any time on the Toronto stock exchange or from cuc via the customer share purcase plan.
With the size of our bills we must all be shareholders by now..
That would have been the ideal contract for the islanders (expats and locals alike), some sort of automatic customer buy in…..but it was a closed-deal see, just like this one, “The rights offering to existing shareholders only.”
A 30-day buy-in party. I wonder what they know, that we don’t?
Oh yes, my ship has come in CUC oh yeah! while others bought land I stacked up on those sweet sweet shares….Now, I get even more shares. Only an fool wouldn’t buy CUC shares. I just wish they would increase the dividend! by the way, you can buy shares directly from CUC all you need to do is go into the office and follow the procedures so investment from anyone is welcomed.
How does it works? If someone was put in 1,000 how much would they receive at the end of the month?
I want an example please