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NBK FY18
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Ericsson
#11 Posted : Friday, June 14, 2019 9:42:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Now that the NBK preference shares have been converted to ordinary shares at the ratio of 1:1 meaning there will be a massive dilution. So what will be the price of NBK shares factoring the conversion.
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Milefeyk
#12 Posted : Monday, July 29, 2019 11:03:19 AM
Rank: New-farer

Joined: 4/12/2019
Posts: 18
Excellent question from Ericsson. NBK is probably trying to decrease costs by converting preference shares to ordinary ones. Certainly there will be a massive dilution. However, I think that nobody can be certain about future share price, as market is expected to react on such news
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