KBS Fashion distributes rights to stockholders for preferred stock

Chicago, March 15 – KBS Fashion Group Ltd., as part of a dividend distribution on its common stock, is issuing per share of common stock one right to each registered holder to purchase series B participating preferred stock, according to a 6-K filing with the Securities and Exchange Commission.

Each right enables the holder of common stock to purchase one 0.0667 portion of a share of series B stock, par value $0.0001 per share, at an exercise price of $50.

The preferred stock will not be redeemable.

Preferred-stock holders will be entitled to quarterly dividend payments of $0.00667 per 0.00667 portion of a share, or an amount equal to the dividend paid on one share of common stock if that amount is greater.

Holders of preferred shares will have the same voting rights as holders of common shares (Nasdaq: KBSF).

KBS Fashion is based in Fujian Province, China and is a casual menswear company.

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