Seprod Gets Greenlight from Shareholder to Create New Shares

• Food manufacturing and distribution company Seprod received shareholder approval to increase the company’s authorised shares but remains tight-lipped on when the new capital will be deployed and for what purpose.
• The company's share capital will increase from 780Mn shares to 1Bn, creating 220Mn additional units.
• The food manufacturing and distribution company is valued at over $50Bn and almost 750Mn of its shares are issued and listed on the Jamaica Stock Exchange.
• Seprod has said that the new shares would be listed after they are deployed, but no information on when or how the transaction will be structured has been provided.

(Source: RJR News)