Cargo Handlers Limited – Stock Split Approved at EGM

Cargo Handlers Limited has advised that at an Extraordinary General Meeting held on September 26, 2016, the following resolutions were presented and approved by the shareholders and directors:

1. THAT the existing authorised share capital of the Company be increased from 46,620,000 to 466,200,000 ordinary shares by the creation of an additional 419,580,000 shares with effect from the close of business on October 21, 2016; and
2. THAT each of the 46,620,000 ordinary shares in the capital of the Company be subdivided into 10 ordinary shares each thereby making a total share capital of 466,200,000 ordinary shares of no par value, all ranking pari passu, at the existing total stated capital of J$2,144,520,000.00 with effect from the close of business on October 21, 2016.