Pulse Investments Limited (PULS) has advised that the following resolutions were considered and passed at the Annual General Meeting of the Company held on Tuesday, February 18, 2020:
1. That the authorized share capital of PULS be increased from 1,950,000,000 (one billion, nine hundred and fifty million) shares of no par value, to 7,500,000,000 (seven billion, five hundred million) shares of no par value, by the creation of an additional 5,550,000,000 (five billion, five hundred and fifty million) shares.
2. That the company be authorized to issue any or all of these shares pursuant to a Rights Issue or Stock Split or both, as the Directors may determine. Rights issue to be interpreted in its wider sense to include any equity raise the Directors consider appropriate.
PULS has further advised that at a Board of Directors’ meeting scheduled to be held on February 26, 2020, the directors of the Company will consider, and if thought fit, pass the following resolution:
“That the shares in PULS be split, on the basis that 3 (three) additional shares be issued to shareholders for every share currently held by them in the Company.”