GraceKennedy Limited has advised that the shareholders have passed the following resolution at the company`s annual general meeting held on May 27, 2009:
“That a new Stock Option Plan known as “The 2009 Stock Option Plan for Directors, Managers and Employees” (hereinafter referred to as “the 2009 Stock Option Plan”) be adopted pursuant to which shares in the company up to the maximum indicated in this resolution be approved for allocation and sale from time to time to directors, managers and employees of the company in accordance with the rules of the said stock option plan, details of which have been circulated to stockholders prior to this annual general meeting.
The maximum number of shares to be set aside for the purpose of the 2009 Stock Option Plan shall be such amount from time to time representing up to seven and one-half per cent (7 1/2 %) of the total number of issued shares in the company including the total number of shares outstanding under all existing stock option plans and stock grants to directors, managers and employees of the company.”
