Knutsford Express Services Limited (KEX) has advised that at a Board of Directors meeting held on April 11, 2017, the Board approved the following:
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.
2. To convene an Extraordinary General Meeting of the company in May 2017 to seek shareholders’ approval for the above subdivision of shares.