Trade In Shares: 138 Student Living Jamaica Limited (138SL)

February 9, 2023


138 Student Living Jamaica Limited (138SL) advises that the Board in a meeting held on February 7, 2023, has resolved that among the resolutions to be considered and voted upon by shareholders at a specially convened Extraordinary General Meeting of the Company are the following:

  • “THAT the authorized share capital of the Company be increased from 480,500,000 ordinary shares at no par value and 94,500,000 cumulative redeemable preference shares to unlimited authorized share capital”
  • “THAT the Company, be and is hereby authorized to issue up to 775,000,000 ordinary shares by way of an offer for subscription to the public pursuant to a prospectus (herein the “Additional Public Offering”) in lieu of a rights issue to existing stockholders.
  • “THAT the Board of Directors of the Company and/or any duly appointed Committee of the Board of Directors be and is hereby authorized to determine in their discretion any terms and conditions relating to the Additional Public Offering.”
  • “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.”
  • “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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