Panjam Investment Limited (PJAM) has advised that PJAM’s Board of Directors will convene a special meeting on Tuesday, March 3, 2020, to consider a number of options available to the Company. These options, if recommended by the Board, will be put to the shareholders for approval at an Extraordinary General Meeting (EGM) to be convened with the appropriate notice.
PJAM further advised that the matters to be considered include:
- An additional Public Offer (APO)
- An increase in the authorized Share Capital
- A stock split
PJAM stated that further details will be submitted to the Jamaica Stock Exchange after the Board has resolved to make any proposal to the shareholders at the above-mentioned EGM in relation to any of the matters stated above.