By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

MORE than 95 per cent of share subscriptions in the Arawak Port Development Company's (APD) $10 million initial public offering (IPO) were from individual investors, with subscriptions totalling some $44.6 million.

Some $34.5 million will now be returned to shareholders, with the reimbursement process beginning tomorrow. APD chief executive, Michael Maura, said there were 11,064 new shareholders in the company, but due to the large volume of applications, 115 shares was the maximum number distributed to any one investor - meaning the maximum worth of their investment was $1,150.

Mr Maura said the IPO was intended to c ...

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