Seprod Seeks Shareholder Approval for 5-for-1 Stock Split and New Equity Raise

• Seprod Limited (SEP) has called an Extraordinary General Meeting (EGM) of shareholders to approve an increase in the Company’s authorised share capital, a 5-for-1 stock split and authority for the Board to issue new shares, including by way of an Additional Public Offering (APO). The EGM will be held virtually on Monday, October 12, 2026 at 12:00 p.m.
• The Board met on September 21, 2026 and agreed to put three resolutions to shareholders: an increase in the number of shares the Company is authorised to issue to 1.9Bn from 1.0Bn, the subdivision of every issued share into five shares, and authority for the Board to issue new shares in future, including through an APO.
• According to Chairman P.B. Scott, over the past four years Seprod has built the Caribbean’s largest integrated manufacturing and distribution platform for food, pharmaceuticals and premium beverages, and is now focused on integrating its businesses and strengthening its balance sheet. The resolutions are intended to provide greater flexibility to pursue these objectives while positioning the Company to take advantage of future growth opportunities.
• For the year ended December 31, 2025, Seprod reported revenue of J$152.3Bn, up 14%, with operating profit of J$11.1Bn and net profit attributable to stockholders of J$4.2Bn.
• At the close of trading on September 22nd, SEP’s share price was J$72.14, representing a 14.0% decline year-to-date. At this level, the stock’s P/E of 12.04x is below the Main Market Distribution & Manufacturing sector average of 15.12x, while its dividend yield stands at 2.5%.

(Sources: Company Press Release & NCBCM Research)