Sweetener to shore up the share price
Quote:The directors will also recommend, subject to regulatory and shareholders' approvals, a bonus issue in the proportion of 1 new ordinary share for every 9 fully paid up ordinary shares then held, to the shareholders register at the close of business on 22 April 2016. Such new shares will rank pari passu in all respects with the existing shares in the capital of the Bank except for the aforementioned dividends and any further dividend paid prior to the bonus issue.
Pesa Nane plans to be shilingi when he grows up.