Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; currency_converter has a deprecated constructor in /opt/nginx/www/mayberryinv/wp-content/plugins/currency-converter/currency-converter.php on line 40

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/operations.class.php on line 2339

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/operations.class.php on line 2343

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/output.class.php on line 3165

Deprecated: Function create_function() is deprecated in /opt/nginx/www/mayberryinv/wp-content/plugins/revslider/includes/framework/functions-wordpress.class.php on line 257

Notice: Undefined index: highriskcountry in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 37

Notice: Undefined index: OFAC in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 38

Notice: Undefined index: OILANDGAS in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 39

Notice: Undefined index: CASHINTESIVE in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 40

Notice: Undefined index: HIGHRISKBUSINESSES in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 41

Notice: Undefined index: FINANCIALINSTITUTION in /opt/nginx/www/mayberryinv/wp-custom-settings.php on line 42
Mayberry Investments Limited (MIL) — Dividend Consideration | Mayberry Investments Limited connection error:
SQLSTATE[HY000] [2002] php_network_getaddresses: getaddrinfo failed: Name or service not known
Notice: Undefined variable: connection in /opt/nginx/www/mayberryinv/wp-content/utility_app/cls_mysql.php on line 25
connection not set

Notice: Undefined variable: rows in /opt/nginx/www/mayberryinv/wp-content/utility_app/cls_mysql.php on line 44

Mayberry Investments Limited (MIL) — Dividend Consideration

Whereas Mayberry West Indies Limited (“MWIL”) is a wholly-owned subsidiary of Mayberry Investments Limited (“the Company”).

And whereas at the last Annual General Meeting of the Company, stockholders authorized the Board to re-organize MWIL, so as to enhance shareholder value and in that respect to carry out such transaction or series of transactions as the Board of the Company deems fit.

Pursuant to the foregoing, please be advised that arising from the Board meeting of the Company, held on Friday, December 29, 2017, a dividend in specie was declared of 10% of the Net Book value of its MWIL. This dividend will be effected by the Company transferring, pro rata among its stockholders, shares in MWIL held by the Company and constituting 10% of MWIL’s issued share capital.

Based on MWIL’s book value as at November 30, 2017, the dividend in specie is equivalent to approximately J$688 million as at November 30, 2017.

The dividend in specie will be distributed to shareholders on record as at February 16, 2018 (“the Record Date”), and shall be effected by transfer of the relevant MWIL shares on February 28, 2018 to stockholders. The Ex-dividend date will be February 14, 2018.

At the same meeting, a second resolution was passed authorizing the Company to take the requisite steps to change the name of Mayberry West Indies Limited to “Mayberry Jamaican Equities Limited”.

The Board of the Company also passed a resolution authorizing the Company to take all necessary steps to cause MWIL (re-named Mayberry Jamaican Equities Limited) to be listed on the Jamaica Stock Exchange, before the end of the first quarter of 2018.

2018-01-04T17:24:19-05:00