One Caribbean Media (OCM) investors looking for a boost in their share price have been advised that yesterday’s planned put through of 180 846 shares at $1.28 higher than the traded price will have no effect on the shares’ current value.
Yesterday, the Barbados Stock Exchange (BSE) announced that CIBC FirstCaribbean International Bank had informed it of a proposed put through of 180 846 OCM shares at $5.30 per share.
That price of $5.30 was $1.28 more than the $4.02 which OCM shares are trading at on the BSE.
The development came as a major securities investor warned last week that Barbadians were losing big time by selling certain stocks on the local market while Trinidadians were reaping higher prices for the same shares in twin-island republic.
Put through for OCM shares
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