Paramount Trading (Jamaica) Limited (PTL) has advised that the Board of Directors will meet to consider the subdivision of stock units.
PTL noted that the Company has called its Annual General Meeting (AGM) which is due to be held on Saturday, 29 October at 10:00 a.m. at the Courtleigh Hotel. and that on the list of resolutions is a proposed sub-division of shares, for consideration by the shareholders.
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.”
In connection with the above resolution, please be advised that the Board of the Company shall
hold a meeting on Saturday, 29 October to consider and approve the sub-division pending
shareholders’ approval of the said resolution.
