Kingston Properties Limited (KPREIT) Passes Resolution to increase the Company’s Share Capital

Kingston Properties Limited (KPREIT) has advised that at a duly convened Extraordinary General Meeting of the shareholders of the Company, a resolution was passed to increase the authorised shares of the company from 500,000,000 ordinary shares to 1,000,000,000 ordinary shares.

KPREIT  further advised that the increase in share capital is part of the Company’s strategy to substantially increase its capital base over the next three years, which will include a renounceable rights issue in short order.

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Source: Mayberry Investments