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Kenya Airways lists additional shares at the NSE

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Kenya Airways PLC has today listed additional shares at the Nairobi Securities Exchange (NSE) after two weeks temporary suspension to enable a share split and simultaneous consolidation of the company’ stock as part of the airlines successful financial and capital restructuring plan.
The airline closed the intricate financial and capital restructuring process, the first of its kind in this market, on 15 November bringing to the table key stakeholders including shareholders, financiers and lessors to agree to secure the airline’s future.
The restructuring saw the Government increase its shareholding to 48.9% of the ordinary voting shares with the consortium of local banks through a special purpose vehicle – KQ Lenders Company 2017 Ltd – owning 38.1 per cent shares of the airline after having the debt owed to them by KQ converted to equity.

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