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Trust International Insurance (TRUST) recommends distributing bonus shares to shareholders

2011-02-27

Trust International Insurance (TRUST) held a meeting for its board of directors on 16/02/2011, where they recommended to the General Assembly to approve the distribution of bonus shares whereby to increase the paid-up capital to $10 million, in line with legal requirements to cover the authorized capital through retained earnings and voluntary reserves. The Board set the date for convening the meeting of the General Ordinary and Extraordinary Assembly of the company on 27/03/2011, and also adopted the financial statements’ draft as of 31/12/2010. It should be mentioned that the current capital of the company is $8.25 million and the current outstanding number of shares is 8.25 million shares.