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.
The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
Source: Mayberry Investments
