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 authorized 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.

(Source: JSE)