Dec 17, 2021
The Company wishes to advise that pursuant to Section 64(1)(b) of the Trinidad and Tobago Securities Act, 2012 that on December 10, 2021 the Board of Directors resolved to recommend to its Shareholders at the Company’s next Annual Meeting, a 20-for-one share slit to convert each of the Company’s issued Ordinary Shares, into twenty (20) Ordinary Shares subject to regulatory approval. The share slit if approved, will increase each Shareholders’ shareholding by twenty times the number of shares held prior to the share slit. The market price of each share will simultaneously become twenty times less than it was prior to the share slit with no proportionate change to Shareholders’ ownership. Upon completion of the share slit, the Company’s issued and outstanding Ordinary Share capital will increase from 98,969,227 Ordinary Shares to 1,979,384,540 Ordinary Shares.
The Trinidad and Tobago Stock Exchange Limited
Friday 17th December, 2021