NCBA Group PLC lists 793.8 million shares following merger
Listed financial services group, NCBA Group PLC, has listed 793.8 million new shares on the Nairobi Securities Exchange following the merger of NIC Group PLC and Commercial Bank of Africa Limited (CBA) earlier this month.
The merged entity will trade as NCBA at the NSE. The previously listed entity, NIC Group’s issued and paid up share capital stood at KES 3.5 billion comprising 703.9 million ordinary shares of KES 5 each. NCBA now has a total of 1.49 billion issued shares with a par value of KES 7.45 billion.