Kapston Services Limited has informed the Exchange about issue of Bonus Shares in the ratio of 1:2 to the eligible shareholders as on the Record Date (to be determined by the Board and to be intimated to the Exchanges in due course).
KAPSTON · price
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Kapston Services Limited has announced the issuance of bonus shares to its eligible shareholders. The bonus ratio is 1:2, meaning shareholders will receive 1 additional share for every 2 shares they hold. The record date for determining eligible shareholders has not been finalised yet and will be decided by the Board and communicated to the exchanges later. Bonus shares are typically issued from the company's reserves and do not involve any cash outflow. This increases the total number of outstanding shares proportionally for all existing shareholders.
The share price will likely adjust downward on the ex-bonus date to reflect the increased share count, but the overall value of holdings remains the same for shareholders. This is generally viewed as a positive signal of management confidence in the company's reserves and future prospects.