September 28, 2020
Derrimon Trading Limited (DTL) has advised that at the Annual General Meeting of the Company held on Friday, September 25, 2020 at the Knutsford Court Hotel, the following resolutions were unanimously approved by the shareholders:
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 dis-applied 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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