I&M Kenya CEO Gul Khan, Regional CEO Kihara Maina, Group CFO Amit Budhdev during the release of the banks 2022 full year results. Handout.
I&M Group PLC has successfully completed the subscription of 86.5 million new ordinary shares by East Africa Growth Holding (EAGH), in a move expected to boost the Group’s capital base and enhance investor confidence.
The development follows shareholder approval during the General Meeting held on 10 December 2024.
According to the company’s official announcement, EAGH subscribed to the full allotment of 86,500,000 new ordinary shares in accordance with the Subscription Agreement.
These shares have been officially listed on the Nairobi Securities Exchange.
The I&M Group Board expressed its appreciation to shareholders and investors for their continued support, marking the subscription as a significant milestone in the company’s growth and expansion strategy.
The announcement, made under the Capital Markets (Public Offers, Listing and Disclosures) Regulations, 2023, aligns with regulatory requirements and has been duly approved by the Capital Markets Authority.
