Jamaica Money Market Brokers Limited has advised that the following resolutions were passed at Meeting of Committee of Directors of the Company held on December 18, 2007- To approve ‘Upsizing’ of Offers
That:
That:
1. The total number of Preference Shares that were offered under the Prospectus dated November 26, 2007 were increased as follows:
1. The total number of Preference Shares that were offered under the Prospectus dated November 26, 2007 were increased as follows:
(i) 783,776,000 Cumulative Redeemable 12.25% Preference Shares with no par value at a fixed price of J$2.95 per 12.25% Preference Share; and
(ii) 70,774,000 Cumulative Redeemable 12.00% Preference Shares with no par value at a fixed price of J$3.00 per 12.00% Preference Shares,
giving rise to an offer capitalization of J$2,312,139,200.00 and J$212,322,000.00 respectively.
giving rise to an offer capitalization of J$2,312,139,200.00 and J$212,322,000.00 respectively.
2. That all actions by Management and officers of the Company towards effecting the acceptance of application for Preference Shares for the total number of Preference Shares as indicated in Resolution No 1 are hereby approved, confirmed and ratified in all respects and the Company is authorized to perform all obligations on its part contained in the Prospectus in relation to applications received for the total number of Preference Shares indicated in Resolution No 1.
2. That all actions by Management and officers of the Company towards effecting the acceptance of application for Preference Shares for the total number of Preference Shares as indicated in Resolution No 1 are hereby approved, confirmed and ratified in all respects and the Company is authorized to perform all obligations on its part contained in the Prospectus in relation to applications received for the total number of Preference Shares indicated in Resolution No 1.
