KQ Sh14 per share Rights Issue
12 March 2012, 17:49
Nairobi - National carrier Kenya Airways (KQ) has priced its rights issue, through which it targets to raise KES. 20.68 billion at a discounted rate of KES. 14 per share.
According to Capital News, KQ is issuing an additional 1.47 billion ordinary shares on offer with shareholders entitled to purchase 16 new shares for every five held.
Investors who would like to be allocated rights to participate in the transaction – which is the largest issue in Kenya yet; shall have the opportunity to do so, as the company’s register will be closed on March 19.
- For more visit Capital News
Get the latest news by following us on Twitter