Today is the last day of the Kenya Airways rights issue in which they are seeking to raise Kshs 20 billion ($240 million) from shareholders. The 35 year old company is one of the most talked about companies in Kenya mainly as as a model of privatization gone right.
The airline which dubs itself The Pride of Africa, has set out to branch out across Africa and cover every African capital, but has also had to fight a rear guard action from a handful of local airlines and Gulf carrier.
The information memorandum is about 236 pages, but with most of the data in it one year old, relating for the financial year that ended in March 2011. Also, there have been no stockbroker reports about this rights issue.
Shareholders: - The company 73,612 shareholders (old data)
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