Salada Foods Jamaica Limited (SALF): Board Approved Stock Split and Increased Authorised Share Capital

Salada Foods Jamaica Limited (SALF) has advised that its Board of Directors at a meeting held on January 21, 2021, considered and approved the following resolutions:

  1. “THAT the maximum number of shares that the Company is entitled to issue be increased from 500,000,000 shares of no par value to 1,500,000,000 shares by the creation of an additional 1,000,000,000 ordinary shares of no par value, each ranking pari pasu in all respects with the existing ordinary shares or stock units in the capital of the Company.
  2. “THAT each of the issued ordinary shares in the capital of the Company be subdivided into 10 ordinary shares with effect from the close of business on Wednesday, March 31, 2021, resulting in total issued shares capital of the Company being increased from103,883,290 ordinary shares of no par value to 1,038,832,900 ordinary shares of no par value.

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2021-01-28T09:42:33-05:00