The Board of Directors on August 21, resolved that a capital distribution of 25 cents per stock unit, less Transfer Tax of 7.5% be paid to stockholders on record at the close of business on September 5, 1997 out of profits not forming part of the chargeable income of the company in respect of quarter ended July 31, 1997 and that the same be paid on Oct. 1, 1997.
The Board also resolved that an Extra-Ordinary General Meeting of the company be held at the Jamaica Pegasus Hotel on September 19, 1997 at 10:30 a.m. to consider the following resolution:
That the authorized share capital be increased to $1.5 billion by the creation of an additional 750 million ordinary shares of $1.00 and for a one for one bonus issue for shareholders of record as at October 6, 1997.