Oil Marketer KenolKobil set to list employee shares

Oil Marketer KenolKobil set to list employee shares

Kenol Kobil

Oil Marketer KenolKobil set to list employee shares

KenolKobil shares may decline to Sh13 following a move to list new ordinary shares under the Employee Share Option Plan (ESOP). Read also:

ApexAfrica Capital Ltd told investors that the listing of KenolKobil's 79 million shares on the Nairobi Stock Exchange (NSE) under the KenolKobil Esop is expected to have a dilution effect of about 5.0 percent. KenolKobil

 The counter is currently trading at Sh13.75.

Only last year KenolKobil paid its former boss Jacob Segman an undisclosed amount to settle a case out of court where the Israeli who had served the firm for 23 years made a Sh300 million claim on his Esop.

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