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.”
Key Events on Kenol Kobil Takeover offer By Rubis Energie pic.twitter.com/APDJP5ZJO6
— Faida Investment Bank. (@FIB_Kenya) February 15, 2019
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.
