Home Businessuite News24 Kingston Properties Board Of Directors To Recommend A 2 For 1 Stock Split To Shareholders
Kingston Properties Board Of Directors To Recommend A 2 For 1 Stock Split To Shareholders

Kingston Properties Board Of Directors To Recommend A 2 For 1 Stock Split To Shareholders

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The Board of Directors’ of Kingston Properties Limited is to recommend to its shareholders at the Annual General Meeting scheduled for May 16, 2017, that each of the 500 million ordinary shares in the capital of the Company be subdivided into 2 ordinary shares each thereby making a total share capital of 1 billion ordinary shares.) A dividend of US$0.00124 per share was declared, payable on May 9, 2017 to shareholders on record as at April 18, 2017. The ex-dividend date is April 12, 2017. The stock traded firm today at 16.35 with no units moving across the JSE floor. BM