Salada Foods Jamaica Limited – Board Approved Stock Split and Increased Authorized Share Capital

• Salada Foods Jamaica Limited (SALF) has advised that its Board of Directors has approved the resolution that the maximum number of shares that the company is entitled to issue be increased from 500,000,000 shares of no par value to 1,500,000,000 shares by the creation of an additional 1,000,000,000 ordinary shares of no par value.
• Each share will be ranked pari pasu in all respects with the existing ordinary shares or stock units in the capital of the Company.
• They also approved that each of the issued ordinary shares in the Company is subdivided into 10 ordinary shares with effect from the close of business on Wednesday, March 31, 2021.
• This will result in the total issued share capital of SALF being increased from 103,883,290 ordinary shares of no par value to 1,038,832,900 ordinary shares of no par value.

(Source: JSE)