February 5, 2025
JMMB Group Limited (JMMBGL) has advised that on January 30, 2025, the Board of Directors of the Issuer authorised the convening of separate general meetings of the holders of the following two classes of the 2018 Preference Shares for the purpose of seeking their consent to the variation of the terms of issue by way of a supermajority (i.e., 75% in value) in accordance with the procedure set out in the terms of issue of each class of the 2018 Preference Shares.
The two classes affected are:
Cumulative Redeemable 5.75% USD Preference Shares
Cumulative Redeemable 7.25% Variable Rate JMD Preference Shares
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