CMA Statement on Allocation of 86.5M shares in I&M to EAGC Holding
Capital Markets Authority (CMA) statement on allocation of 86.5M new ordinary shares in I&M Group Plc to East Africa Growth Holding (EAGH).
Shareholders of I&M Group PLC (the Company) are hereby advised of the successful completion of the subscription to Eighty-Six Million Five Hundred Thousand (86,500,000) new ordinary shares of the Company by East Africa Growth Holding (EAGH) as approved by Shareholders at the General Meeting held on 10th December 2024.
Following the conclusion of the transaction, EAGH subscribed to and was allotted a total of Eighty-Six Million Five Hundred Thousand (86,500,000) new ordinary shares as per the terms of the Subscription Agreement and the shares were duly admitted for listing on the Nairobi Securities Exchange.
The Board extends its appreciation to all shareholders and investors for their continued support.
BY ORDER OF THE BOARD
Date: 15th May 2025
Nairobi, Kenya.
I&M Group PLC is regulated by the Central Bank of Kenya and the Capital Markets Authority.