Mar 2015 Financial News

TCL – Special Meeting Update

Mar 06, 2015

As previously published, at a Special Meeting of Shareholders of Trinidad Cement Limited (‘the Company” or “TCL”) held on Monday 9th February, 2015, a Special Resolution was duly passed to remove the restriction contained in Article 5 of TCL’s Articles of Continuance (Restriction on Share Transfers and Share Ownership), which (inter alia), prohibited any person from holding more than 20% of the issued share capital of the Company or more than 20% of the total voting rights of the Company.

The Articles of Amendment and the Special Resolution were submitted to the Registrar of Companies in Trinidad and Tobago for registration, and a Certificate of Amendment dated 2nd March, 2015 was received by the Company on 5th March, 2015.

In accordance with Section 218 (2) of the Companies Act, 1995 Chap. 81:01 of the Laws of Trinidad and Tobago the Amendment became effective on 2nd March, 2015. Accordingly, the amended Article 5 of TCL’s Articles of Continuance now reads:

“Share Transfers:

The Directors may decline to register any transfer of shares on which the Company has a lien. If the Directors refuse to register a transfer of any shares, they shall within thirty days after the date on which the transfer was lodged send to the transferee notice of the refusal.”

This Notice is published pursuant to Section 64(1)(b) of the Trinidad and Tobago Securities Act, 2012.

Source:
The Trinidad and Tobago Stock Exchange Limited
Friday March 6, 2015