Grace, Kennedy – Increase in share capital

Posted: October 27, 2000 at 12:00 am

At the Board meeting on October 26, 2000 it was agreed to convene an extraordinary general meeting on November 24, 2000 to consider the following: 1. Increasing the authorised share capital to $300 million (300 million ordinary shares of $1.000 each) 2. The issue of one bonus share of every five stock units held by stockholders on record as at December 13, 2000. 3.The allocation of nine million ordinary shaes of $1.00 each to be sold to employees at the mid market price at the date of issue less 25% discount.

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