"On 1 January 2017 David Ohana, KenolKobil’s Chief Executive Officer was granted a right, under the terms of the ESOP, to acquire options over eighty-eight
million (88,000,000) units in the ESOP on diverse future dates, at a subscription price of KES 10.30. Each such unit in the ESOP is the equivalent of one
(1) ordinary share in the issued share capital of KenolKobil. The options over units can be exercised by Mr. Ohana on the relevant exercise dates or within
6 months of a ‘Change in Ownership’, which includes a replacement of the largest shareholder of KenolKobil which has occurred by Rubis Énergie acquiring
some shares from Wells as stated above.
By an undertaking dated 24th October 2018 to Rubis Énergie, Mr. Ohana undertook to Rubis Énergie that he will:
(a) exercise his options, pursuant to which the ESOP will allot to him 88,000,000 units in the ESOP; and
(b) redeem such units and instruct the trustees of the ESOP to sell the underlying 88,000,000 shares to Rubis Énergie by accepting the Offer."


David Ohana will receive a handsome retirement package in the offer

it will de list,nse itabKi ya monkeys

Pole lakini sisi ni wanjikus aka minority shareholders. Where the pay is good like this one, you accept and move on. cc. ADSS etc

Well done old man VVS 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽

where majority shareholders are involved people must sit down and talk,the big fish don't just rush for cash