Pulse Investments Ltd (PULS) has advised that at a meeting of the Board of Pulse Investments Ltd, held at 38a Trafalgar Road, Kingston 10, on May 22, 2017 at 5:30 p.m., the following resolutions were passed:
1. That the stock in Pulse Investments Ltd be split, on the basis that 5 (five) additional shares be issued to shareholders for every share currently held by them in the company.
2. That the authorized share capital of Pulse Investments Ltd be increased from 450,000,000 (four hundred and fifty million) shares of no par value, to 1,950,000,000 (one billion, nine hundred and fifty million) shares of no par value, by the creation of an additional 1,500,000,000 (one billion, five hundred million) shares.
PULS has also advised that these resolutions will now go to an Extraordinary General Meeting of the Company to be voted on by shareholders of Pulse Investments Ltd.