CAC 2000 Limited Aiming To Raise $121m And List On The Jamaica Stock Exchange Junior Market

CAC 2000 Limited has issued their prospectus – aiming to raise $120.5m by selling 29.0m ordinary shares at $4.89 per share. Subscription opens December 16th and closes on December 23, 2015. The company intends to list on the Jamaica Stock Exchange Junior market.

According to the company’s prospectus, CAC 2000 Ltd was incorporated in Jamaica on July 24th, 2000, and is one of the leading providers of commercial Air Conditioning (HVAC) systems and refrigeration and energy solutions in Jamaica, whilst maintaining a respectable share of the residential market. The Company sells, services and supports the most sophisticated air conditioning systems ever designed and completed in Jamaica. With representation since 1929 they are one of the oldest Carrier dealers in the world (recognizing that the first air conditioning systems were only developed by Dr. Willis Carrier in 1902).

The company intends to use the proceeds to provide working capital support to its operations and in order to allow the Company to take advantage of new business opportunities.

Half of the shares being offered (14.5m) are for reserved applicants.