Cayman National Corporation Ltd. (CSX:CNC) KY (CNC) advises that an extraordinary general meeting of its shareholders of Cayman National was held on 8 August 2025 in Grand Cayman, Cayman Islands.
Shareholders approved, by special resolution, an amendment to the articles of association of CNC by deleting the text of Article 76 and replacing it with "Intentionally omitted". The text of Article 76 was as follows:
76. A shareholding qualification for directors may be fixed by the Company in general meeting, but unless and until so fixed no director shall be appointed unless he holds more than 999 fully paid shares or he is the President appointed under Article 109 in which he is exempted from this provision.
Shareholders also approved, by resolution passed by the affirmative vote of a three quarters majority of shareholders, the voluntary withdrawal of CNC’s listing from the Cayman Islands Stock Exchange with effect from the date of completion of the transfer of all shares pursuant to the offer posted on 30 May 2025 by Republic Financial Holdings Limited, through its wholly owned subsidiary Republic Bank Trinidad and Tobago (Barbados) Limited, for a minimum of 13,035 to maximum of 10,596,483 ordinary shares, representing 0.03 percent to 25.02 percent of the entire issued ordinary share capital of Cayman National (the Offer), or such other date agreed with the Cayman Islands Stock Exchange (the Delisting Resolution). The passing of the Delisting Resolution is a condition to completion of the Offer.