Shareholders of 138 Student Living Jamaica will vote on whether the company should do an additional public offer.
138's board of directors passed a few resolutions at a meeting this week, which will be put to shareholders at a specially convened Extraordinary General Meeting.
Investors will consider the moving of the company's authorised share capital from 480.5 million ordinary shares and 94.5 million cumulative redeemable preference shares.
If shareholders agree to the resolution, the company will be able to have unlimited authorised share capital.
138 would also like to issue up to 775 million new ordinary shares by way of an additional public offer.
The company says GK Capital Management has been consulted on the matter.
138 Student Living says if shareholders agree, it will be able to secure useful capital at a favourable cost.
comments powered by Disqus
All feeds
