Osiris Properties International Ltd. announced several changes stemming from their Special General Meeting from May 12.

The shareholders voted to change the name from “Osiris Properties International Limited” to “Delta International Property Holdings Limited”.

The company will also be redenominating the currency of the company from Pound Sterling to the US Dollar.

The sharholders also voted to change the company’s authorized share capital to US$1,244,100 comprising 7,500,000,000 common shares with a par value of US$0.00016588 each and instructing the directors to effect the resulting alterations to the Memorandum of Incorporation of the company.

The SGM also saw the authorizing of the directors of the company to issue and allot up to approximately 200,000,000 new shares to acquire an interest, directly or indirectly, in Anfa Place Shopping Centre. 

The SGM also authorized the directors of the company to issue and allot up to 20 per cent of the authoried shares of the company or to grant any offers, agreements or options which would or might require securities to be issued, allotted or disposed of for or in connection with the acquisition of African real estate assets (excluding assets situated in South Africa) on such terms as they deem fit from time to time.

The following directors resigned from the board: Serge Richard, Peter Todd, Julie Lamberth-Dawson, Nicolaas Faure, and  Tiffany Purves.

The following directors were elected to the board: Bronwyn Anne Corbett, Sandile Hopeson Nomvete, Paul David Simpson, and Gregory Pearson.

The above changes to the company name and redenomination of the company’s currency will be submitted to the Registrar of Companies in Bermuda for its approval. A further announcement in this regard will be released as and when appropriate.