August 26, 2020
Derrimon Trading Company Limited (DTL) has advised that at a meeting to be held at 2:00 p.m. on August 31, 2020, the Board will consider recommending to shareholders at the AGM the following resolutions to facilitate raising additional equity investment by an additional public offering of ordinary shares:
- As special business to authorise the Company to issue additional ordinary shares by way of an offer for subscription to the public subject to a prospectus.
- As special business to grant Board of Directors authority to determine terms and conditions of Additional Public Offering
- As special business to dis-apply pre-emption rights in respect of Additional Public Offering
- As special business to convert ordinary share capital to stock units upon issuance and allotment in order to facilitate listing on the Jamaica Stock Exchange.
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