Williamson Tea Kenya Plc is eyeing approval to offer 17.51 million new shares to existing shareholders, presenting them with an opportunity to benefit from enhanced dividends and capital gains from stock price rises.
Disclosures by the agricultural firm listed on the Nairobi Securities Exchange (NSE) show it will issue 17,512,640 new bonus shares of Sh5 each in the capital of the company. The shares valued at Sh87, 563,200 will be fully financed by funds from the company’s reserves.
