Caribbean Flavours and Fragrances Limited (CFF) has advised that the following amendments were made to the Notice of the Company’s 2020 Annual General Meeting, which contained in the 2019 Annual Report.
Ordinary Resolution to Approve Payment of Dividend
“THAT a dividend of twenty-five cents ($0.25) per ordinary stock unit paid to the shareholders of the Company on record as at August 28, 2020, be hereby approved as the final dividend for the year.”
Special Business to Sub-divide the Share Capital of the Company
Resolution 7 10:1 stock split
“THAT each of the issued ordinary shares in the capital of the Company be sub-divided into Ten (10) ordinary shares with effect from the close of business on October 1, 2020, to increase the total issued share capital of the Company from 89,920,033 ordinary shares at no par value to 899,200,330 ordinary shares at no par value.”
Special business to convert ordinary share capital to stock unit upon increase and allotment to facilitate listing on the Jamaica Junior Stock Exchange.
Resolution 8 Conversion of ordinary shares to stock units
“THAT all the ordinary shares in the capital of the Company, issued and allotted as of October 1, 2020 be and are hereby converted to stock units.”
CFF further advised that an Addendum to the notice will be sent to shareholders via the print media and the Company’s website.