Kenedix Notice of Resolution for Share Split.Tokyo, Japan, Feb 15, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Kenedix, Inc ('KDX', TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :4321), a leading real estate financial advisor and asset manager, announces that a meeting of the Board of Directors on February 13, 2007 resolved share split (free share distribution) as set out below. 1. Purpose of Share Split To reduce the minimum investment unit, to enhance the liquidity, and increase the number of investors in shares of KDX. 2. Detail of Share Split (1) Method-- One common share of KDX held by the shareholders shown or recoreded in the shareholders list and the beneficial shareholders list of June 30, 2007 shall be split into two shares on July 1, 2007. (2) Number of Shares to be increased through Share Split-- The final number of outstanding shares on June 30, 2007 multiplied mul·ti·ply 1 v. mul·ti·plied, mul·ti·ply·ing, mul·ti·plies v.tr. 1. To increase the amount, number, or degree of. 2. Mathematics To perform multiplication on. by one. (3) Increase in the Total Number of the Shares KDX is authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to issue-- Article 6 of the Articles of Incorporation The document that must be filed with an appropriate government agency, commonly the office of the Secretary of State, if the owners of a business want it to be given legal recognition as a corporation. of KDX shall be revised on July 1, 2007, and the total number of the shares KDX is authorized to issue shall be increased by 700,000 shares to 1,400,000. 3. Schedule (1) Record Date: June 30, 2007 (2) Effective Date: July 1, 2007 Those shareholders who appear in the beneficial shareholders list of Japan Securities Depository The place where a deposit is placed and kept, e.g., a bank, savings and loan institution, credit union, or trust company. A place where something is deposited or stored as for safekeeping or convenience, e.g., a safety deposit box. Center, Inc. (JASDEC JASDEC Japan Securities Depository Centre ) will be able to sell the increased shares from June 2, 2007 (Monday). (3) Date of New Shares to be issued: August 20, 2007 Any and all other matters necessary for the share split shall be resolved at meetings of the Board of Directors hereafter In the future. The term hereafter is always used to indicate a future time—to the exclusion of both the past and present—in legal documents, statutes, and other similar papers. . About Kenedix, Inc. Kenedix, founded in April 1995, initially introduced and promoted real estate auctions to Japanese investors and financial institutions. Today, the Kenedix Group is an organization advanced in a broad range of real estate services and finance. The Group's overall goal is to maximize returns on investments, accomplished by leveraging the Group's comprehensive research skills and extensive knowledge of the real estate business to accurately analyze and evaluate trends in a constantly changing market. Kenedix is working to become one of Japan's most prominent real estate asset managers, while building a highly stable and profitable corporate group. For more information, please visit www.kenedix.com. Source: Kenedix, Inc. Contact: Kenedix, Inc. Taiji Yoshikawa Chief Financial Officer Tel: +81-3-3519-2530 Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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