Knutsford Express Services Limited (KEX) has advised that at its Extraordinary General Meeting held on May 22, 2017, the following resolutions were duly passed:
Resolution No. 1 – “THAT each ordinary share of the company be subdivided into five shares resulting in the authorized share capital of the company increasing from 100,005,000 shares to 500,025,000 shares of no par value, and the issued and fully paid stated capital of the company increasing from 100,000,003 shares to 500,000,015 shares of no par value.”
Resolution No. 2 – “THAT all the issued and fully paid shares of the company be converted into stock.” The effective date is Friday, June 2, 2017. The ex-stock split date is May 31, 2017.