The Standard Group PLC has received the necessary approvals to raise Ksh 1.5 billion through a rights issue.
“As part of this offering, the Company will issue a total of 283,661,120 new shares at Ksh 5.29 per share, aiming to raise approximately Ksh 1.5 billion. The issuance is structured at a ratio of 11 new ordinary shares for every 3 ordinary shares held,” says Standard Group Company Secretary Millicent Ngetich.
