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Paramount Trading (Jamaica) Limited (PTL) has advised that at the Annual General Meeting held on October 29, 2016, the resolution was passed for the sub-division of each ordinary stock unit into 10 stock units. The stock split would take effect from the opening of trading on Monday, 14 November 2016.
The Company further advised that the stock split will not affect the overall market value of any holding of ordinary stock units, but the number of ordinary stock units held by each ordinary stock holder will increase by a factor of 10.
