September 01, 2020
Derrimon Trading Company Limited (DTL) has advised that the Board has resolved that among the resolutions to be considered and voted upon by shareholders at the Company’s Annual General Meeting to be held on September 25, 2020 at the Knutsford Court Hotel at 10:00 am, are the following:
1. “THAT the Company, be and is hereby authorised to issue up to 1,800,000,000 ordinary shares by way of an offer for subscription
to the public pursuant to a prospectus (herein an “Additional Public Offering”) in lieu of a rights issue to existing stockholders.”
2. “THAT the Board of Directors of the Company and/or any duly appointed Committee of the Board of Directors be and is hereby
authorised to determine in their discretion any terms and conditions relating to the Additional Public Offering.”
3. “THAT any pre-emption rights to which the existing stockholders may be entitled, howsoever arising, be and are hereby disapplied
for the purposes of the Additional Public Offering.”
4. “THAT all ordinary shares issued in the Additional Public Offering once issued and allotted be and are hereby converted into
stock units.”
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