Kingston Properties to Propose 2-for-1 Stock Split

Kingston Properties Board Of Directors is set to recommend a two-for-one stock split to shareholders at its Annual General Meeting scheduled for May 16.

The directors are recommending that each of the 5-hundred million ordinary shares be subdivided into 2 ordinary shares, resulting in a total share capital of 1-billion ordinary shares.

The stock traded firm yesterday at $16.5 with no units moving across the Jamaica Stock Exchange floor.