Read the EGM advert for more info.....


NOTICE OF THE EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN THAT THE EXTRAORDINARY
GENERAL MEETING OF THE SHAREHOLDERS OF FAMILY
BANK LIMITED WILL BE HELD ON FRIDAY 5TH AUGUST
2011, AT HILTON HOTEL AT 10.00 A.M. TO TRANSACT THE
FOLLOWING BUSINESS

1. Confirmation of quorum.

2. To read the notice convening the meeting.

3. To approve the listing of the Bank’s shares at the Nairobi Stock Exchange by introduction.

4. To approve an amendment of the memorandum and articles of association of the Bank to incorporate an Employee Share Option Plan (ESOP) to eligible employees as per the trust deed and the limit of which is to be negotiated and approved by the Board.

5. That the shareholders approve the allotment of new shares to the Managing Director amounting to 1% of the Bank’s shareholding as per the terms of engagement.

6. Any other Business

11th July 2011
By Order of the Board
Company Secretary
P.O. Box 74145-00200
NAIROBI

WHAT! 1% for the c.e.o! If it were me i'd work my butt off to make that 1% look like 10% before I leave!

Too many rats jumping ship... But peeps still ask wapi hiyo iceberg while the titanic tanks...

I was to do a research report on family bank but I stopped cos of the emotions expressed here....now i'm going to finish that 15 page thing....damn the CEO is a lucky guy...the other day he was just a deputy at KCB...lmao.

I will be waiting for your report on Family Bank. If building society converts into a fully fledged bank,take the eg of equity bank its share value shoots up a lot,but didn't happen with Family Bank.