GraceKennedy Limited (GK) has advised that the Board of Directors passed the following resolution:
- A recommendation being made to the Stockholders of the Company for a three-for-one stock split (subdivision of shares) effective August 11, 2016.
- The amendment of the Company’s Articles of Incorporation to increase the maximum number of shares that the company is authorised to issue from 400,000,000 to 1,200,000,000 to facilitate the stock split.
- The conversion of the shares in the company, which are not yet issued into stock when issued and fully paid.
