Kingston Properties Limited (KPREIT) has advised that after a meeting of their Board of Directors on July 11, 2019, it was agreed that Kingston Properties will seek the approval of its shareholders to increase its share capital by an increase in its authorized shares to 1,000,000,000 shares up from 500,000,000 shares.
KPREIT stated that the increase in share capital is to facilitate a renounceable rights issue of ordinary shares and that approval will be sought at an extra ordinary general meeting.
The Company further advised that the date, time and location will be published in short order in keeping with Company’s articles, the Companies Act and the requirements of the Jamaica Stock Exchange.
