Tue | Nov 12, 2019

Mayberry sells Access shares

Published:Tuesday | December 30, 2014 | 7:54 PM

KINGSTON, Jamaica:

Mayberry Investments Limited says it has sold more than 100 million units of its shares in Access Financial Services Limited at $9 per share.

In a statement today, Mayberry said after an initial investment of J$38 million in 2006, it will earn approximately J$955 million or US $8.34 million from the transaction.

The purchaser was not disclosed in the statement, but it is understood that the units were bought by Proven Investments.

"Whilst we are happy to monetise the investment, we are now interested in finding new investments to deploy the proceeds profitably," said CEO of Mayberry Investments, Gary Peart.

He continued: "As we approach our 30th year in business, Mayberry will continue to provide value, creating solutions for our various stakeholders."

Mayberry is a full service financial advisory and brokerage firm whose offerings include: asset management, stocks and bonds trading, cambio and investment banking services.

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