If am not mistaken ESOP dilution does not affect the shares immediately there is a time factor to all Esops In that it might be hinged on specific targets of either productivity or term of employment.I think the real effect of this dilution might affect us several year later Kido 5 - 10 yrs.

Having such a plan early is good given The management strategy of venturing into other markets and ventures.

I think fear of share dilution at this stage is immature.

I meant its too early(premature), sorry for coming out as insulting,kizungu kilikuja na meli.

i think its just a matter of news going around...once people get hold of it...you will see the reaction.

My official position is that this ESOP is a +ve for KK. Those shares will be exchanged for value (either cash or surpassd biz targets) which is good enough for me over time. But if investors need to sell, I am a willing buyer @ 8.5. Thanks in advance.

Comrade, if you are that happy with the anticipated ESOP share issue, I would expect that you would be ready to buy the shares at the price prevailing at the time the ESOP was announced which was about 9.50 - 9.60. NOT more than 10% down from that price. Heck, even with my negativity on the ESOP, I would be OK to buy the shares at about Kshs 9.00 or slightly more (cum-dividend).

The reality (from where I sit) is that until the terms of the ESOP are clarified, investors will be a bit jittery. In my view, the ESOP smacks of some kind of coup by Mgt and employees (AGAINST the shareholders). And if it so good, how come KK Mgt have not publicized it as much as they do other news that affect them (us)?