The shareholders of the Company approved an increase in the authorized share
capital of the Company from US$49,000 divided into 12,500,000 ordinary shares of par value US$0.
The Central Government has almost exhausted its contribution of authorized share
capital of Rs.
00 of authorized share
capital for the purpose of issuing (inclusive of pre-emptive subscription rights of the existing shareholders) a maximum of 30,000,000 registered shares to be used exclusively for the partial financing of the acquisition of the International Wealth Management business of Bank of America Merrill Lynch outside the United States.
And finally, the Board of Directors approved amendments to the Company's Amended and Restated Certificate of Incorporation to decrease the number of authorized shares
of Common Stock from 30,000,000 to 5,000,000, and to eliminate the authorized shares
of Class B Common Stock, $.
as its auditors, the adoption of a Stock Option Award Plan authorizing the grant of options to purchase 150 million shares of the company's common stock, and an approval to an amendment to the company's certificate of incorporation to increase the number of authorized shares
of common stock from 1,950,000,000 to 5,000,000,000.
With this first round of the share buy back plan, it will reduce the company's authorized shares
to 142 million.
n the company's authorized shares
by the company's stockholders.
The DCH board of directors endorsed the proposed increase in authorized shares
of common stock from 50 million to 100 million, and the number of shares of common stock reserved under the company's 2001 Stock Option Plan from 5 million to 10 million.
Minatura Gold (Pink Sheets: MGOL) ("Minatura") announced today that the reduction in the number of authorized shares
of common stock of Minatura that was previously announced will be effective March 13, 2012.
In order to effectuate the terms of the settlement agreements, the company has also filed a preliminary proxy to increase the authorized shares
of the company, with a record date of December 8, 2011 and a special meeting date of January 24, 2012.
Pink Sheets: SPQS) announced today that it has received shareholder consent and board of director approval to amend its Articles of Incorporation to decrease its number of authorized shares
by 1 billion.
As presented at the annual meeting, the Proposal would increase the number of authorized shares
of common stock to 100,000,000 from 50,000,000, and the number of authorized shares
of preferred stock to 25,000,000 from 2,000,000.
Vitesse Semiconductor Corporation (Pink Sheets: VTSS), a leading provider of advanced integrated circuit solutions for Carrier and Enterprise networks, today held its Special Meeting of Stockholders resulting in approval to increase the number of authorized shares
of common stock from 500,000,000 to 5,000,000,000 and approval to authorize the Company's Board of Directors to effect a reverse stock split of the Vitesse's common stock.
In summary, the resolutions increase the number of authorized shares
of Citi's common stock to 60 billion; eliminate the right of the holders of common stock to vote on any amendment to the restated certificate of incorporation that relates solely to the terms of any series of preferred stock; and authorize (but do not require) the Board of Directors to effect a reverse stock split, at one of seven ratios, at any time prior to June 30, 2010.
RSHN) has increased its authorized shares
this week by 6 Billion in order to complete its purchase of Garden Beverage as well as the upcoming joint venture investment in Amicalola Water Co.