Joining the Guyanese Stock Exchange

<< This article has been updated: as of Q4 2020, this IPO is on hold until we have more certainty surrounding the COVID-19 pandemic. We will update all prospective investors in due course. >>

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ORIGINAL ARTICLE:

Pomeroon Trading is listing all of its shares on the Guyana Stock Exchange.

Whilst Guyana has an incredible natural environment and huge potential for agricultural growth, there are no listed agriculture companies on the Exchange. This announcement changes everything, making history. With the company open to public investors, management demonstrates to the Guyanese people that the company is aligned with the country for the long term.

Guyana Agriculture Listed Company

Pomeroon Trading began operations in Guyana in 2017. The vision from day one was to build a sustainable agriculture company: vertically integrated and focused on exports, but with a strong social mission and respect for the natural environment. Two years on, the British founders invested their own money alongside investments received from international investors into a 700-acre estate flanked by the Pomeroon River and the Atlantic Ocean.

The company will issue an additional 133,333 new shares at a price of USD 7.50 per share for any new investors who wish to invest in the company.

Pomeroon Trading will be just one of three companies to successfully list on the Guyana Stock Exchange over the last decade. The management hopes that this timing, allied to the economic growth that Guyana is now enjoying, will help encourage many others to follow in our footsteps-and deliver good returns to new shareholders.

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I hope Pomeroon’s Initial Public Offering will excite all my fellow Guyanese people as much as it excites me. At a time of huge and understandable focus on the oil and gas industry, it is proof that the country’s Green State Development Strategy is serving in parallel to attract investment, expertise and responsible practise to the agriculture industry
— David Lammy, Member of Parliament in the UK
I grew up on the Stoll estate and my parents planted it. Pomeroon Trading is the perfect partner to turn our land into a world-class business. We are processing and adding value to what we grow and successfully trialling new crops. I hope others will join us on this journey, investing in and then benefiting from the work of Pomeroon Trading
— Zena Bone, Owner of the Stoll Estate
I joined the company a year ago with the mandate to build a business that would become a poster child for Guyanese agriculture. Our IPO gives the Guyanese Stock Exchange its first float in a decade and its first ever listed agriculture company. We are building a regional coconut champion for all of Guyana to be proud of
— Jared Kissoon, Pomeroon Chief Operating Officer
Pomeroon Bananas Guyana

Investors wishing to participate in the listing, via the company’s Agent Guyana Americas Merchant Bank, may receive copies of management presentations and materials.

For more information, please download the full announcement here or contact us

Press Coverage For The Pomeroon IPO: