Trustees of oil marketer KenolKobil’s #ticker:KENO employee share ownership scheme have gone to court seeking a determination as to whether the company’s former chief executive, Jacob Israel Segman, is legally allowed to take up a Sh300 million share option he had while he led the firm.
KenolKobil’s employee share ownership plan (ESOP) has published a notice indicating that Mr Segman intends to exercise the share acquisition option, more than three years after leaving the company.
