PTL Approves Stock Split

Paramount Trading (Jamaica) Limited (PTL) has advised that at its Annual General Meeting held on Saturday, October 29, 2016, all resolutions (inclusive of Resolution 5) set out in its Notice to shareholders were passed. Resolution 5, allowed the Board to sub-divide the ordinary shares in the Company on terms to be agreed. PTL further advised that at a Board Meeting held on October 29, 2016, the subdivision of each ordinary share into 10 shares was approved. This subdivision of shares will take effect on November 14, 2016 and the ex-date is November 10, 2016.