Paramount Trading (Jamaica) Limited (PTL) has advised that at its Annual General Meeting (AGM) on October 29, 2016, shareholders will be asked to consider a resolution for a proposed sub-division of shares.
The proposed resolution is set out in the notice of AGM as follows:
“SUB-DIVISION OF SHARE CAPITAL”
To sub-divide each ordinary stock unit in the capital of the Company into such number of stock units as may be prescribed by the Board: “THAT each of the issued ordinary stock units in the capital of the Company be sub-divided in accordance with the Articles of Incorporation of the Company, into such number of stock units as may be prescribed by the Board of Directors.”
The Board of PTL will hold a meeting on Saturday, October 29, 2016 to consider and approve the sub-division pending shareholders’ approval of the above-mentioned resolution.
