138 Student Living Jamaica Limited-Approval Of Resolutions At EGM Held On March 20, 2023

138 Student Living Jamaica Limited had its Extraordinary General Meeting on Monday, March 20th 2023 10:00 a.m. at the Rio Bueno, Jamaica Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5.

At such meeting, the following resolutions were passed:

  1. THAT the authorised share capital of the Company be increased from 480,500,000 ordinary shares at no par value and 94,500,000 cumulative redeemable preference shares to unlimited authorized share capital”
  2. THAT the Company, be and is hereby authorized to issue up to 775,000,000 ordinary shares by way of an offer for subscription to the public pursuant to a prospectus (herein the “Additional Public Offering”) in lieu of a rights issue to existing stockholders.
  3. THAT the Board of Directors of the Company and/or any duly appointed Committee of the Board of Directors be and is hereby authorized to determine in their discretion any terms and conditions relating to the Additional Public Offering.”
  4. “THAT any pre-emption rights to which the existing stockholders may be entitled, howsoever arising, be and are hereby dis-applied for the purposes of the Additional Public Offering.”
  5. THAT all ordinary shares issued in the Additional Public Offering once issued and allotted be and are hereby converted into stock units.