September 21, 2018

JMMB Group Limited (JMMBGL) has advised that at the Company’s Annual General Meeting of its ordinary shareholders held on September 19, 2018, the shareholders unanimously passed the following Special Resolutions:

1. “BE IT RESOLVED AS A SPECIAL RESOLUTION that the Company be and is hereby authorized to issue and allot to successful applicants up to 4,000,000,000 new Cumulative Redeemable Preference Shares, with such rights/restrictions and terms and manner of redemption as shall be determined on behalf of the Company by the Directors of the Company or a Committee of Directors of the Company appointed by the Directors for such purpose”.
2. “BE IT RESOLVED AS A SPECIAL RESOLUTION that all the Company’s issued and outstanding Ordinary Shares be delisted from the Barbados Stock Exchange in accordance with the Rules of the Barbados Stock Exchange Inc. dated October 12, 2015, the Securities Act, Cap. 318B of the laws of Barbados and any other applicable laws of Barbados and that the Directors of the Company be and are hereby authorized and directed to do all things necessary or desirable to give effect to the delisting”.