Feb 2015 Financial News

TCL - Notice of Rights Issue

Feb 09, 2015

The Trinidad and Tobago Stock Exchange Limited (TTSE) has received notice that at a meeting of the Board of Directors of TCL held on Friday 06th February, 2015, the Board passed a resolution to raise capital through a Rights Issue of 124,882,568 new shares at a price of TT$2.90 per share. Subject to obtaining all necessary approvals and the removal by Shareholders of the 20% restriction on share ownership (as per Article 5, Schedule 2 of TCL’s Articles of Continuance), Shareholders will be offered the right to purchase one new share for every two shares held.

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday February 9, 2015