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
Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.