Kenol’s Sh906m share offer to CEO Ohana approved

KenolKobil chief executive David Ohana. FILE PHOTO | NMG

The Capital Markets Authority (CMA) has approved KenolKobil’s #ticker:KENO plans to have its Group managing director David Ohana acquire up to 88 million shares valued at Sh906.4 million in the oil marketer.

The regulator has allowed the Nairobi Securities Exchange-listed firm to list 79 million shares at the end of this month, adding to the nine million units that have already been issued.

PAYE Tax Calculator

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