East Africa Growth Holdings (EAGH) is set for sweeping powers in I&M Group including a say in the hiring and dismissing of senior management and change of dividend policy when it concludes the purchase of new Sh4.19 billion shares.
I&M has convened a general meeting on December 10 where shareholders are expected to endorse a proposal to create and award EAGH 86.5 million ordinary shares at a price of Sh48.42 each and amend the lender’s internal rules.
