REMANDED? OR MARRIED?

Haiyaaaaaa...so it will be called COOP BANK..

https://www.businessdail...9930-rl7gskz/index.html

Co-op Bank chief executive Gideon Muriuki sold 14.7 million shares of the lender with a current market value of Sh160 million in the five months ended May, according to regulatory filings.

He has been selling and buying the bank’s shares over the years in transactions that have seen his stake oscillate between 1.7 per cent and two per cent.

The latest transactions reduced his holdings from two per cent in December 2019 to 1.75 per cent in May that has a market value of Sh1.1 billion based on the lender’s closing price of Sh10.85 on Friday.

While Mr Muriuki reduced his holdings, a few major investors raised their stake. Billionaire investor Baloobhai Patel, for instance, bought 4.8 million shares currently valued at Sh52 million over the five-month period.

This raised his ownership in the lender from 0.45 per cent in December 2019 to 0.53 per cent in May that has a market value of Sh337 million.

Big volumes have been traded on the counter last and this week.

A serious bank