Key Insurance agrees to increase share capital, approves rights issue

Key Insurance has announced that a rights issue and a resolution to increase the company's share capital were approved by shareholders at its 2020 Annual General Meeting held virtually on Thursday.
The rights issue and increase in share capital will increase the number of authorised ordinary shares issued by Key. 
The rights issue will offer Key's shareholders the right, but not the obligation, to purchase the newly issued shares, in direct proportion to their existing shares. 
It will be renounceable, meaning that Key's shareholders can choose to sell their rights to other existing shareholders.

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