WIOC shares to go on sale in February

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GG’s Throne Speech: Next month, my Government will sell 10% of its share-holding in the West Indies Oil Company (WIOC), following the issuance of a prospectus.

 

Another shareholder will also sell 10% of its WIOC shares, creating an opportunity for the average worker in Antigua and Barbuda to become investors in a very solid company.

 

My Government encourages every household in Antigua and Barbuda to purchase those shares, knowing that the benefits of ownership in WIOC will redound to generations.

 

Later in 2021, my Government will commence arrangements that will eventually lead to the sale of shares in State Insurance Company.

6 COMMENTS

  1. Yeah, are they giving tours of the oil compound or just selling to people who wan say dem own stock ? You nar go see you money again. Maybe you can use you bitcoins lol

  2. Go on sale in February.Which February are they referring to.Because all I hear are next week,next month,soon,in the near future.Coming from the Information Ministry.

  3. Will they be publishing full audited financial records including how much apua owes to wioc and the challenges and risks the company faces? Also how will selecting directors and general corporate governance be addressed? Will any of the funds raised be kept by the company for expansion or is it just shareholders cashing out?

    • @Full disclosure
      Shareholders cashing out. The government selling 10% of its shares. During such hard times and uncertainty with covid19, who has money to invest?

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