Tea farmers in Mt Kenya region have rejected the offer by Kenya Tea Development Agency (KTDA) for allotment of five million shares, terming it a “token” that was meant to hoodwink them and scuttle the agency’s takeover by recently elected directors.
The agency said during a Special General Meeting on April 30, directors amended KTDA Holdings PLC Articles of Association to allow for allotment of 24 million shares to factories while farmers would get five million shares under a new category of shareholders known as “Tea Farmers”.
