Kirubi kin retains Sh2.1bn offer for Centum shares

Chris Kirubi

Businessman Chris Kirubi died on June 14, 2021, at the age of 80. PHOTO | NMG

The family of the late Chris Kirubi says it retains the businessman’s option to buy an additional 126.8 million shares in Centum Investment Company Plc #ticker:CTUM with a current market value of Sh2.1 billion.

Kirubi had received approval from the Capital Markets Authority (CMA) to buy a total of 133 million Centum shares, arguing that the market had continued to undervalue the Nairobi Securities Exchange-listed firm by a large margin.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.