October 26, 2020
Key Insurance Company Limited (KEY) has advised that a rights issue and a resolution to increase Key’s share capital were approved by shareholders at its 2020 Annual General Meeting (AGM), held on October 22, 2020. The rights issue and increase in share capital will increase the number of authorized ordinary shares issued by Key. The rights issue will offer Key’s shareholders the right, but not the obligation, to purchase the newly issued shares, in direct proportion to their existing shares. This will allow shareholders to avoid any dilution of their existing share value caused by the proposed increase in shares. The rights issue will be renounceable, meaning that Key’s shareholders can choose to sell their rights to other existing shareholders. For further information, please visit www.jamstockex.com
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