Special Advisory: Pulse Investments Limited (PULS)

Date: February 19, 2020

Pulse Investments Limited (PULS) has advised that the following resolutions were considered and passed at the Annual General Meeting of the Company held on Tuesday, February 18,2020:

  1. That the authorized share capital of PULS be increased from 1,950,000,000 (one billion, nine hundred and fifty million) shares of no par value, to 7,500,000,000 (seven billion, five hundred million) shares of no par value, by the creation of an additional 5,550,000,000 (five billion, five hundred and fifty million) shares.
  2. That the company be authorized to issue any or all of these shares pursuant to a Rights Issue or Stock Split or both, as the Directors may determine. Rights issue to be interpreted in its wider sense to include any equity raise the Directors consider appropriate.

PULS has further advised that at a Board of Directors’ meeting scheduled to be held on February 26, 2020, the Directors of the Company will consider, and if thought fit, pass the following resolution:

“That the shares in PULS be split, on the basis that 3 (three) additional shares be issued to shareholders for every share currently held by them in the company.”


Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. 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.