Date: January 16, 2020
Jamaican Teas Limited (JAMT) has advised that at a Board meeting held on January 14, 2020, the Directors of JAMT approved the following:
“That at the next Annual Meeting of the shareholders of Jamaican Teas Limited the following Resolutions should be considered as Special Business:
Resolution to Increase
- THAT the existing authorised 1,000,000,000 ordinary shares in the capital of the Company be increased to unlimited ordinary shares with no maximum.
Resolution for Split
- THAT each of the issued ordinary shares in the capital of the Company be subdivided into three (3) ordinary shares with effect from the close of business on 1 April 2020 resulting in the total issued shares in the capital of the Company being increased from 695,083,459 ordinary shares of no par value to 2,085,250,377 ordinary shares of no par value.”
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