Barita Investments Limited (BIL) – Shareholders’ Approval of Additional Public Offering of Shares

Posted: July 6, 2020 at 5:30 pm

Barita Investments Limited (BIL) has advised that the Company held the Annual General Meeting of its shareholders on Monday, July 6, 2020 and the following Ordinary Resolutions No. 6 (i) and 6 (ii) relating to an Additional Public Offering of Shares as stated in the Notice of the Annual General Meeting, dated June 5, 2020, and the Addendum to the Notice of Annual General Meeting, dated June 12, 2020, were passed:

RESOLUTION NO. 6 (i)

Ordinary Resolution

“THAT the Company hereby approves the issue of up to 200,000,000 ordinary shares (in this resolution “New Ordinary Shares”) as part of the authorised capital (or such greater amount as the Directors in their absolute discretion may approve) currently unissued for the purposes of raising capital for the benefit of the Company, the general public to be invited to subscribe for New Ordinary Shares on such terms (including the number of New Ordinary Shares and the price(s) per New Ordinary Share,) in each case as the Directors and/or any duly appointed Committee of Directors shall determine, in all such cases on terms and conditions as the Directors may consider expedient in their absolute discretion AND THAT the Directors may, but shall not be obliged to, elect to upsize the number of New Ordinary Shares made available for subscription by no more than 100,000,000 additional New Ordinary Shares in the event that the invitation is oversubscribed. FURTHER that on issue, the New Ordinary Shares shall be converted and/or confirmed to be ordinary stock units, save that the same shall rank in all respects pari passu with the existing ordinary stock units of the Company.”

RESOLUTION NO. 6 (ii)

Ordinary Resolution

“THAT the Directors and the Secretary of the Company do execute all steps and documents and are hereby authorized to execute all steps and documents in order to implement and effectuate the issue of the New Ordinary Shares aforesaid on terms and conditions as the Directors may consider expedient in their absolute discretion.”

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