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KCB and NBK material announcement
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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None of the directors in NBK hold shares in it. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Ericsson wrote:Horton wrote:Ericsson wrote:KCB Group CEO Joshua Oigara informed investors that they plan to fire NBKβs board and management team after they acquire the bank. βThe board does not intend to keep the management of NBK. The board has no intention of keeping the NBK board,β ππ½ππ½ππ½ππ½ππ½ππ½ Including Francis Atwoli who is a board member at NBK. That one might find his way onto KCB's board! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:None of the directors in NBK hold shares in it. Smart people
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Nbk shareholders unanimously approve conversion of preference shares to ordinary shares at the ratio of 1:1 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,216 Location: nairobi
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Ericsson wrote:Nbk shareholders unanimously approve conversion of preference shares to ordinary shares at the ratio of 1:1 Was there a choice?
KQ ABP 4.26
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:Ericsson wrote:Nbk shareholders unanimously approve conversion of preference shares to ordinary shares at the ratio of 1:1 Was there a choice? Anyone read the budget? The treasury is going to try to repeal the rate cap again
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Horton wrote:obiero wrote:Ericsson wrote:Nbk shareholders unanimously approve conversion of preference shares to ordinary shares at the ratio of 1:1 Was there a choice? Anyone read the budget? The treasury is going to try to repeal the rate cap again MPs are too stubborn to repeal this. But i like it when this debate dominates the news and they refuse. Banking stocks dip to some incredible discounts.
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Rank: Member Joined: 9/11/2015 Posts: 245 Location: Thika
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What percentage will the government+parastatals own in KCB after the deal?? Since men have learned to shoot without missing, I have learned to fly without perching
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Jon Jones wrote:What percentage will the government+parastatals own in KCB after the deal?? 28% Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KCB and NBK material announcement
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