Special Advisory: JMMB Group Limited (JMMBGL)

September 20, 2019

JMMB Group Limited (JMMBGL) has advised that at the Annual General Meeting (AGM) of the Company held on September 18, 2019, the shareholders present and voting unanimously, approved the resolution for the issuance of an additional 325,000,000 ordinary shares in the capital of the Company, set out as Resolution 6 in the Notice of AGM previously circulated.  JMMBGL has also advised that once all regulatory approvals are in place, the Company intends to offer the additional shares to the public on such terms and conditions as shall be determined by the Board of Directors. JMMBGL has further advised that the additional capital will permit the Company to continue its organic and inorganic expansion and diversification through investments in other entities, whether by acquisition or strategic investments as well as provide the Company with greater financial flexibility to quickly take advantage of changing economic, regulatory and market conditions.

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.

2019-09-20T20:58:46+00:00