Nassau, Bahamas -
Executives
of Arawak Port Development (APD) and placement advisors for the current
APD initial public share offering will begin a series of investor meetings
throughout the islands on Monday, to provide more information to the
public on this historic investment opportunity.
The
first meeting will be held at 6:30 p.m. on Monday, January 9th
at the Harry C. Moore Library, College of the Bahamas Oakes Field campus
followed by two meetings in Freeport and Eight Mile Rock on Tuesday,
January 10th. Investor meetings are also planned for Abaco, Long
Island, Exuma, Spanish Wells and Harbour Island during the week of January
16th.
‘We
want to ensure the greatest possible awareness of our offering throughout
the islands and provide opportunities for interested persons to ask
additional questions they may have about us,” said Mike Maura Jr.,
CEO of APD Limited, operator of the new Nassau Container Port (NCP)
and Gladstone Freight Terminal.
APD
holds a 20 year exclusivity agreement with the government as the port
for international freight in New Providence. Its shares, at $10
each, were made available on December 16 and remain on sale until January
31. A minimum of 50 shares, at $500, must be purchased. In the end,
the public will own 20 per cent while Arawak Port Development Limited
and the government will own 40 per cent each.
CFAL
and Providence Advisors are placement agents for the offering.
Copies of the prospectus and dates and venues for investor meetings
may be found at www.nassaucontainerport.com.
