Safaricom top workers get Sh363m free shares

Safaricom CEO Bob Collymore during the release of the telco’s full year results in May. PHOTO | SALATON NJAU | NMG

Employees of telecommunications firm Safaricom #ticker:SCOM, including the company’s executives, have taken 13.7 million shares of the telco worth Sh363 million for free after either matching or beating their performance targets.

The high-performing employees were alloted the shares in the year ended March after waiting for three years, as per the company’s annual report released last week.

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