Carreras Approves Stock Split

Carreras Limited (CAR) has advised that at a Board of Directors’ meeting held on August 8, 2017,  the directors approved the following resolutions to recommend to the members of the Company at its Annual General Meeting scheduled for September 6, 2017:

   i.    To consider and if thought fit pass the following resolution:

  • THAT in order to facilitate the proposed subdivision of the existing ordinary shares in the capital of the Company, the maximum number of shares that the Company is authorized to issue be increased from 485,440,000 ordinary shares of no par value to 4,854,400,000 ordinary shares of no par value.

   ii.   To consider and if thought fit pass the following resolution:

  • THAT each of the issued ordinary shares in the capital of the Company be subdivided into 10 ordinary shares with effect from the close of business on September 20, 2017 resulting in the total issued shares in the capital of the company being increased from 485,440,000 ordinary shares of no par value to 4,854,400,000 ordinary shares of no par value.

The ex-stock split date is September 18, 2017.