Kernel Board authorized to issue shares
Kernel will increase its share capital. The company shareholders decided to increase the number of the company's shares to 216 mln — the authorized capital will thus increase to USD 5.7 mln.
The general meeting of shareholders of Kernel Holding S.A. resolved to grant authorization to the board of directors for a period of five years to issue shares, to grant options to subscribe for shares and to issue any other instruments giving access to shares within the limits of the authorized capital to such persons and on such terms as the board shall see fit and specifically to proceed with such issue without reserving a preferential right to subscribe to the shares issued for the existing shareholders and it being understood, that any issuance of such instruments will reduce the available authorized capital accordingly.
Besides that, the general meeting of shareholders of Kernel resolves to approve the creation of an authorized share capital of the company, excluding the current issued share capital, of an amount of five million seven hundred three thousand six hundred ninety-six US Dollars (USD 5,703,696) consisting of two hundred sixteen million (216,000,000) shares without nominal value.
The number of shares issued as of September 26 is 84,031,230.
