Kenol Kobil announces proposal to sub-divide of par value
6 May 10
In a statement to the Nairobi Stock Exchange listed oil marketer gave notice of its intention to seek approval from shareholders at the 20th May, 2010 AGM to split its shares. The statement said the following: “That the par value of each of the 150,000,000 (one hundred and fifty million) ordinary shares of the Company part of which had been issued and credited as fully paid, be and is hereby subdivided from Kshs 0.50 each to Kshs 0.05 each and thus the authorized ordinary share capital shall be Kshs 75,000,000/- (Kenya shillings seventy five million) dividend into 1,500,000,000 ordinary shares of Kshs 0.05 each.”
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