Centum first ran a buyback programme between February 6, 2023 and September 20, 2024, targeting 66.54 million shares which represented 10 percent of its 665.44 million issued shares.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Centum Investment Company is taking a third stab at buying back 10 percent of its issued shares after previous attempts fell short due to the market price surpassing the buyback execution price.
This offered room for higher dividends to shareholders.
Transaction hands Rock Investment Bank immediate control of one of Kenya’s established investment managers.
The offer size was expected to be around $300 million, sources said.
The exit comes after several changes in Sidian’s ownership structure and capital base, including rights issues aimed at…
Investor bids topped Sh3.99 billion ($30.81 million) against the subscription offer of Sh3.86 billion.
Cyients Rs 720 crore share buyback enters the final stage, with June 16 as the last date to buy shares to qualify. The record…
