Invest – The West Indies Oil Company Ltd.

OFFER SUMMARY

Offeror:

The Government of Antigua and Barbuda

Issuer:

The West Indies Oil Company Limited

Instrument Type:

Ordinary Shares

Number of Shares offered:

301,920

Price per Share:

XCD60.00

Minimum Share Offer per Applicant:

50

Special Condition of Offer:

Up to 50% of the share offer may be allocated to public servants and is available in blocks of $3,000.00.

Maximum Share Offer per Applicant:

15,096

Offer Opening Date:

March 24, 2021

Offer Closing Date:

April 21, 2021

Settlement Date/Date of Allotment of Shares:

April 27, 2021

Oversubscription:

An additional 142,080 shares will be made available under the terms of the Prospectus in the event of an oversubscription and these shares will be issued based on the priority stated in the Prospectus.

Governing Law:

Securities (Prospectus) Regulations of 2001 of the Laws of Antigua and Barbuda

Antiguan and Barbudan nationals residing locally:

Download, complete and print the following subscription form:

WIOC Share Application Form

The completed subscription form should be accompanied by the following documents:

2 valid (unexpired) government issued picture identification documents e.g.:
1. Passport
2. Identification card
3. Drivers license
Certified or notarized copy of evidence of Antiguan and Barbudan citizenship (where Antiguan and Barbudan passport and ID card are not provided)
Confirmation of residential address by way of any one of the following:

Original utility bill in the client’s name
Financial Institution reference letter stating the customer’s permanent residential address
Original account statement from a financial institution in the customer’s name.
Letter from the client’s employer on the Company’s letterhead confirming the residential address
Drivers license

NB: The document presented as address confirmation must bear the client’s name and current residential address.

Letter from Government of Antigua and Barbuda is required for civil servants who wish to qualify for priority during the allotment.
Application documentation are to be handed to the Broker Dealer, Bank of Saint Lucia Limited, at:
CIBC First Caribbean International Bank
Old Parham Road
Antigua

Overseas Applicants:

Download, complete and print the following subscription form:

WIOC Share Application Form

The completed subscription form should be accompanied by the following documents:

Certified or notarized copy of 2 valid (unexpired) government issued picture identification documents e.g.:

Passport
Identification card
Drivers license

Certified or notarized copy of evidence of Antiguan citizenship (where Antiguan passport and ID card are not provided)
Confirmation of residential address document by way of any one of the following:
NB: The document presented as address confirmation must bear the client’s name and current residential address.

Subscribers should scan and email the notarized documents to Lawrence.jean@bankofsaintlucia.com or Deesha.lewis@bankofsaintlucia.com. Original documents should be mailed to the following address:
BOSL Investment Banking Services
P.O. Box 1860
Castries
St. Lucia

Corporate Entities:

Download, complete and print the following subscription form:

WIOC Share Application Form

The completed, stamped (corporate stamp) subscription form should be accompanied by the following documents:

Certificate of Incorporation
Memorandum & Articles of Association
Certificate of Good Standing (if company is more than 12 months old)

Application documentation are to be handed to the Broker Dealer, Bank of Saint Lucia Limited, at:
CIBC First Caribbean International Bank
Old Parham Road
Antigua

Cost of transaction:

Cost of shares: # of shares x $60.00
Commission on transaction: 1.50% of cost of shares

e.g.: to purchase 50 shares:

Cost of shares: 50 X $60.00 = $3,000.00
Broker’s commission (1.50%) = $45.00
Total = $3,045.00

Method of payment:

Declaration of Source of Funds Form

Cheques and bank drafts to be made payable to Bank of Saint Lucia Limited – WIOC Escrow Account at CIBC First Caribbean, Old Parham Road Branch, Antigua
Internal transfer from an account held at CIBCFCIB to Account Number: 107056078 INO Bank of Saint Lucia Limited – WIOC Escrow Account
Interbank transfer to:

CIBC First Caribbean International Bank
Old Parham Road
Routing #02024681
Account Number: 107056078
Account Name: Bank of Saint Lucia Limited – WIOC Escrow Account
NB: Cash will not be accepted

Wire Transfers:

From USA
Instructions to: Wells Fargo, New York
Swift Code: PNBPUS3NNYC
ABA Code: 026005091
For Credit: FirstCaribbean International Bank (Barbados) Limited, Antigua
Swift Code: FCIBAGAG
For Credit to: Bank of Saint Lucia Limited – WIOC Escrow Account
Account Number: 107056078

From Canada
Instructions to: CIBC, Toronto
Swift Code: CIBCCATT
For Credit: FirstCaribbean International Bank (Barbados) Limited, Antigua
Swift Code: FCIBAGAG
For Credit to: Bank of Saint Lucia Limited – WIOC Escrow Account
Account Number: 107056078

From United Kingdom
Instructions to: Barclays Bank PLC, London
Swift Code: BARCGB22
For Credit: FirstCaribbean International Bank (Barbados) Limited, Antigua
Swift Code: FCIBAGAG
For Credit to: Bank of Saint Lucia Limited – WIOC Escrow Account
Account Number: 107056078

From Europe
Instructions to: Societe Generale, Paris, France
Swift Code: SOGEFRPP
Intermediary Bank: CIBC, Toronto
Swift Code: CIBCCATT
For Credit: FirstCaribbean International Bank (Barbados) Limited, Antigua
Swift Code: FCIBAGAG
For Credit to: Bank of Saint Lucia Limited – WIOC Escrow Account
Account Number: 107056078

NB: All subscription in excess of EC$27,000.00 must be submitted with a completed Source of Funds form which must be downloaded, completed and submitted with the subscription form to the Broker Dealer.

CONFIRMATION OF PURCHASE

On Settlement date (day after allotment of shares) the Broker Dealer will email confirmation of purchase of shares to successful applicants.
Unsuccessful applicants will be notified and reimbursed via their payment instructions.

RECEIPT OF ECCSD STATEMENT

Purchasers of shares will received copy of their Registry account statement indicating the account details form the East Caribbean Central Securities Depository (ECCSD).