Derrimon Trading Company Limited (DTL) – Board Meeting to Facilitate Additional Public Offering

Posted: August 26, 2020 at 2:41 pm

Derrimon Trading Company Limited (DTL) has advised that at a meeting to be held on August 31, 2020 at 2:00 p.m. the Board will consider recommending to shareholders at the Annual General Meeting (AGM) certain resolutions to facilitate raising additional equity investment by an
additional public offering of ordinary shares.

These resolutions are:
• As special business to authorise the Company to issue additional ordinary shares by way of an offer for subscription to the public subject to a prospectus.
• As special business to grant Board of Directors authority to determine terms and conditions of Additional Public Offering
• As special business to dis-apply pre-emption rights in respect of Additional Public Offering
• As special business to convert ordinary share capital to stock units upon issuance and allotment in order to facilitate listing on the Jamaica Stock Exchange.

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