Grace, Kennedy & Co. – Share Capital Increase

Posted: September 4, 1997 at 12:00 am

At the company’s Board meeting on September 3, the directors agreed to recommend the following to the shareholders: That the authorised share capital of the company be increased to $200 million by the creation of 50 million ordinary shares of $1.00 each; That the sum of $37.1 million be capitalised and applied in paying up in full 37.1 ordinary shares to be allotted to persons on the Register of Members as at September 19, 1997 and that the said new shares be converted into stock transferable in units of $1.00 each. That the Register of members be closed from the close of business on September 19, 1997 to September 23, 1997. That the Articles of Association be amended to increase the number of directors from 24 to 28.

Leave a Comment