Seprod Ltd. (SEP) – Subsidiary News

Ja. Grain & Cereals Ltd., a fully owned subsidiary of Seprod Ltd., has by ordinary resolution of the company dated November 15, 1999, increased its share capital by $12.2 million to $61.6 million by the addition of 6.1 million shares of $2 each.Bonus shares amounting to 6.1 million will be issued in proportion of one share for every four shares held as on November 30, 1999.

Caribbean Products Company Ltd. a fully owned subsidiary of the company has by ordinary resolution of the company dated November 15, 1999 increased its share capital by $16 million to $132.1 million by the addition of 8 million shares of $2.00 each.Bonus shares amounting to 8.2 million will be issued in proportion of one share for every seven held as on November 30, 1999.

Jamaica Seprod Wharf & Storage Ltd., a fully owned subsidiary of Seprod Ltd., has by ordinary resolution of the company dated November 15, 1999 increased its share capital by $3.4 million to $5.8 million by the addition of 1.7 million shares of $2.00. Bonus shares amounting to 1.7 million will be issued in proportion of three shares for very two held as on November 30, 1999.