https://www.businessdailyafrica.com/corporate/companies/Kenya-Airways-staff-to-get-Sh1-4bn-shares-free/4003102-4609534-ycpbnbz/index.html

Kenya Airways is set to issue 142.1 million shares currently worth Sh1.4 billion to its staff for free, reinstating its suspended employee share ownership plan (Esop).

The new shares have been created but are yet to be issued, with the Nairobi Securities Exchange-listed national carrier still working on rules to govern the scheme.

“The formation of the scheme was approved at the extraordinary general meeting of the company held on August 7, 2017. Accordingly, the directors allotted 142,164,558 shares to the scheme for zero cash consideration,” the airline, known by its international code KQ, says in its latest annual report.