Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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VyaBureSiachi wrote:FUNKY wrote:BREAKING NEWS
Nation Media Group (NMG) principal shareholder Aga Khan could be considering divesting from media business in Kenya, a move that could see him sell off his vast interests in print and broadcasting industries in Kenya. President UHURU KENYATTA was rumoured to be making a move on a buy-out of the MEDIA giant. I smell a pump-and-dump. The share has been on a sustained downward slide, despite the indication that they will maintain the same dividend payout. Once books close it should go below ksh.35 easily. "could be considering" that phrase is packed with plausible deniability. These rumours have been doing rounds since early last year. Straight from the horses mouth in April 2018 Quote:
Nation Media Group (NMG) has dispelled rumours being spread on social media that the company would be sold.
Speaking on Saturday at the Nation Golf Classic dinner held at the Nakuru Golf Club, NMG acting Chief Executive Officer Stephen Gitagama (now CEO) urged Kenyans to ignore the rumours.
"The rumour going round in the country is unfounded, this is not true," Mr Gitagama told the audience which included golfers, Nation clients and company staff.
Mr Gitagama said NMG is a public-listed company owned by Kenyans through shares.
“So, if you want to buy Nation shares, just walk to your stock broker and buy [your] shares of choice. But the company is not for sale,” he added.
the group’s Board Chairman Wilfred Kiboro reiterated the same message that the company is not for sale.
"Some of you, may have read about this crazy thing about Nation Media Group being sold to the First Family," he said, referring to the family of President Uhuru Kenyatta.
"I want to confirm to everybody, NMG is not for sale. The only way to buy Nation Media is through the stock exchange."
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