“It is something that the board is considering. We have heard the cries of our shareholders,” said Anne Mutahi, the bank’s interim-chairperson.
“It is the most priced banking stock and the board should consider a split to make the share more liquid,” said Mr Peter Mwangi, the CEO of Nairobi Securities Exchange.
Transaction advisors to the bank’s rights issue pointed out that one of the challenges they faced was excess demand owing to the unavailability of the shares.
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