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Kenya Re owners land Sh26bn shares

Kenya Re shareholders are set for a Sh26.2 billion windfall in a bonus share issue that will see them gain three shares for each one held in the company. FILE PHOTO | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

Kenya Re #ticker:KNRE shareholders are set for a Sh26.2 billion windfall in a bonus share issue that will see them gain three shares for each one held in the company.

The Nairobi Securities Exchange-listed firm has announced plans to inject into the business Sh5.25 billion from its cash reserves by issuing to existing owners an additional 2.099 billion bonus shares.

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

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