POMEROON Trading, a coconut growing and processing agri-business with operations on the Pomeroon River in Guyana, is listing all of its shares on the Guyana Stock Exchange, according to British businessman and Executive Chairman of Pomeroon Trading, Duncan Turnbull.
He explained that 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,” Turnbull noted.

Underscoring that Pomeroon Trading began operations in Guyana in 2017, the CEO said 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, Co-Founders Duncan Turnbull and Neil Passmore invested their own money alongside investments received from international investors into a 700-acre estate flanked by the Pomeroon River and the Atlantic Ocean.

He explained that the company will issue an additional 133,333 new shares at a price of US $7.50 per share for any new investors who wish to invest in the company.

“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,” he said.

Commenting on the listing, David Lammy, a Member of Parliament in the UK with very deep ties to Guyana, states “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 practice to the agriculture industry”.

Zena Bone, the owner of the Stoll Estate, adds “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 trialing new crops. I hope others will join us on this journey, investing in and then benefiting from the work of Pomeroon Trading”.

Jared Kissoon, Pomeroon Trading’s Chief Operating Officer, says “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.”

Investors wishing to participate in the listing, via the company’s Agent Guyana Americas Merchant Bank, may receive copies of management presentations and materials.
There will also be open-house sessions with company management held at Cara Lodge in Georgetown on Thursday 12th and Wednesday 18th September from 17:00 hours to 18:30 hours.