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BSX Approves Listing of Additional Ordinary Shares of iO Adria Limited
Hamilton, Bermuda – 11 August, 2011 – The Bermuda Stock Exchange (BSX) announces the approval of the subsequent listing of 33,362,500 new Ordinary Shares of iO Adria Limited, (the “Company”) comprising of (i) 25,962,500 new Ordinary Shares issued pursuant to the Company’s Reverse Open Offer (the “Offer”) at a subscription price of €0.20 per new Ordinary Share (ii) 200,000 new Ordinary Shares issued to Mr.
Related to the Offer, the Company changed its name from Jupiter Asset Management (Bermuda) Limited to ‘iO Adria Limited’.
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The Company was incorporated in
The securities continue to be listed under the Restricted Marketing provisions of the BSX and are aimed at Qualified Investors; being individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability tests defined by the Exchange.
“The BSX is delighted to provide further support to iO Adria Limited as it continues its development”, said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.
“The Company is delighted to have completed the Offer and with its continued relationship with the Bermuda Stock Exchange. The Company looks forward to the next stage of its development including its rebranding as ‘iO Adria Limited’ (pronounced ‘ee-o’), said Mr. Garth Lorimer Turner, a director of the Company.