Kenya: Press Release: CMA Approves Bonus Shares Issue by AccessKenya Group
Wednesday, 30 May 2012
Nairobi, 29 May 2012 --- The Capital Markets Authority (CMA) has approved the issue of bonus shares by AccessKenya Group Limited in accordance with Regulation 11 of the Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations 2002.

The approval will enable the data firm to issue and list an additional 10,382,785 ordinary shares of a par value of KES1 each in the ratio of one new ordinary share for every 20 ordinary shares held at the close of business on 13 June 2012.

While announcing the approval the CMA Chief Executive Mrs. Stella Kilonzocommented: ‘CMA has reviewed the disclosures by AccessKenya Group Limited and is satisfied that all the requirements have been met in accordance with the Fourth schedule of Capital Markets (Securities) (Public Offers, Listings and Disclosures) 2012.’

A bonus share issue is an offer of free additional shares by a listed company, given to existing shareholders in proportion to their holdings in the listed company

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