GraceKennedy Limited (GK) has advised that at the Extra-ordinary General Meeting (EGM) held on Monday, July 11, 2016, shareholders approved the resolutions as stated below:
1. By way of an Ordinary Resolution:
That each of the ordinary shares in the capital of the Company be subdivided into three ordinary shares of no par value with effect From August 11, 2016.
2. By way of a Special Resolution:
That to facilitate the subdivision of shares aforesaid, that Article 4a of Form 1A of the Articles of the Company be and is hereby amended by the increase in the maximum number of shares which the Company is entitled to issue from 400,000,000 to 1,200,000,000. The Article to read: “THE MAXIMUM NUMBER OF SHARES IF ANY THAT THE COMPANY IS AUTHORISED TO ISSUE: 1,200,000,000”
3. By way of an Ordinary Resolution:
That all the shares in the Company, which are not yet issued, be converted into stock when issued and fully paid.
