HF plans 19m shares for staff in compensation scheme

HF Group's managing director Robert Kibaara. FILE PHOTO | NMG

Mortgage financier HF Group is set to issue an additional 19.2 million shares to be used to reward its staff under its employee share ownership plan (Esop).

The proposal, contained in a special resolution to be considered at its May 26 annual general meeting, will raise the volume of its outstanding shares to 403.8 million from the current 384.6 million.

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