KenolKobil shares suspended from trading at bourse for 12 days

Rubis Energie Announces Extensive Reorganization of KenolKobil Units in East Africa

The Capital Markets Authority (CMA) has suspended KenolKobil’s shares on the Nairobi Securities Exchange for 12 trading days following a conclusion of a takeover offer on Monday.

“The suspension from trading of the company’s shares will remain in force until March 11, 2019,” the Nairobi Securities Exchange (NSE) said in a note to investors. “All shareholders, investors and the general public are asked to take note of the suspension.”

The suspension will enable Rubis Energie to reconcile records and establish how many investors took up the offer. The results of the takeover will be released on 12 March 2019.