Carreras Limited (CAR) – Resolutions from AGM held September 6, 2017

Posted: September 8, 2017 at 9:34 am

Carreras Limited (CAR) has advised that the following resolutions were considered and passed at the Annual General Meeting (AGM) of the Company held on September 6, 2017:

(i) To adopt the Articles of Incorporation of the Company

THAT the Articles of Incorporation of the Company be adopted as replacement and substitution for the existing Memorandum of Association and Articles of Association of the Company.”

(ii) To increase the maximum number of shares authorized to be issued

“THAT in order to facilitate the proposed subdivision of the existing ordinary shares in the capital of the Company, the maximum number of shares that the Company is authorized to issue be increased from 485,440,000 ordinary shares of no par value to 4,854,400,000 ordinary shares of no par value.”

(iii) To subdivide existing ordinary shares

“THAT each of the issued ordinary shares in the capital of the Company be subdivided into 10 ordinary shares with effect from the close of business on September 20, 2017 resulting in the total issued shares in the capital of the Company being increased from 485,440,000 ordinary shares of no par value to 4,854,400,000 ordinary shares of no par value.”

The record date for the stock split is September 20, 2017, and the ex-date is September 18, 2017.

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