Seprod shareholders approve stock split, share issuance

Jamaica Observer ·
Jamaica

Seprod Limited is set to split its shares in the coming weeks, preceding a potential new equity offer to raise fresh capital to reduce its debt balances. All three resolutions at the company’s virtual extraordinary general meeting (EGM) were approved by shareholders on Monday. As a result, the company’s authorised share capital will be adjusted from one billion ordinary shares to 1.9 billion…

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