Wanbury Limited board approves preferential issue to raise funds for debt settlement
Posted On: 2021-02-20 04:56:52 (Time Zone: Arizona, USA)
The board of directors of Wanbury Limited at its meeting held today, i.e. on Saturday, 20th February, 2021, has approved the reclassification of existing Authorised Share Capital of the Company from Rs. 50,00,00,000/- (Rupees Fifty Crore only) divided into 3,00,00,000 (Three Crore) Equity Shares of Rs. 10/- (Rupees Ten only) each and 20,00,000 (Twenty Lakhs preference shares of Rs.100/- (Rupees One Hundred only) each to Rs. 50,00,00,000/- (Rupees Fifty Crore only) divided into 5,00,00,000 (Five Crore) Equity shares of Rs.10/- (Rupees Ten only) each and consequent alteration of Memorandum of Association.
Notice is hereby given that an Extraordinary General Meeting of Cutix Plc will be held at the Company’s Head Office (Training Room, 3rd Floor), 17, Osita Onyejianya Street, Umuanuka, Otolo Nnewi, Anambra State on Thursday, February 25, 2021 at 10 a.m. to transact the following business:
Special Business 1 To consider, and if thought fit, pass the following as ordinary resolutions:
a. “That the Authorised Share Capital of the Company be and is hereby increased from 1,435,801 696(One Billion, Four Hundred and Thirty Five Million, Eight Hundred and One Thousand, Six Hundred and Ninety Six Naira Only) divided into 2,871,603,392 ordinary shares of 50 Kobo each (Two Billion, Eight Hundred and Seventy-One Million, Six Hundred and Three Thousand, Three Hundred and Ninety-Two Ordinary Shares of 50 Kobo each) to N1,935,801,696 (One Billion, Nine Hundred and Thirty Five Million, Eight Hundred and One Thousand, Six Hundred and Ninety-Six Naira Only) divided into 3,871,603,392 ordinary sh