Adam Investments proposes sub division | Daily News


Adam Investments proposes sub division

Adam Investments PLC at a meeting of Board Directors of the company have resolved to recommend to shareholders that ordinary shares of the company in issue be increased by way of a subdivision whereby one ordinary share will be subdivided into two ordinary shares.

On this basis the Four Hundred Forty Nine Million Two Hundred Seventy Six Thousand Two Hundred (449,276,200) Ordinary shares in issue as at date will be increased to Eight Hundred Ninety Eight Million Five Hundred Fifty Two Thousand Four Hundred (898,552,400) Ordinary shares.As a result of the recommended subdivision there will be no change in the stated capital of the company.

The proposed subdivision, will be subject to shareholder approval at a shareholder meeting at the next Annual General Meeting and the dates will be informed later.

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