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PanJam Investment Limited's headquarters on Knustford Boulevard in New Kingston, Jamaica. (Photo: PanJam)

PanJam mulls options to increase share capital

PanJam Investment Limited's headquarters on Knustford Boulevard in New Kingston, Jamaica. (Photo: PanJam)

PanJam Investment Limited has advised, through a notice on the Jamaica Stock Exchange website, that it is considering an increase in its authorised share capital.

The company shared that on Friday, March 6, the company’s board of directors met to consider, among other things, an additional public offer (APO), an increase in the authorized share capital, and a stock split.

PanJam Investment Limited Chairman and CEO Stephen Facey (right) and Chief Operating Officer Paul Hanworth look over the company’s 2017 annual report at the Courtyard by Marriott Kingston on Thursday, May 17, 2018. (Photo: Breakthrough Communications)

During the meeting, PanJam’s board decided to put “the consideration and approval” of the options to “shareholders at an extraordinary general meeting which is to be convened in due course”.

The board also approved audited accounts for the previous financial year and the first dividend payment for 2020 during the meeting.