NSE-Web-Prospectus-2014

1.15 Subsidiaries of the NSE
Name & Country Authorised Issued share Activities and % Beneficial
of Incorporation share capital capital current status Ownership
a) NSE Clear Limited – incorporated in Kshs. 100,000/- Kshs. 100,000/- Provision of clearing house 100%
Kenya on 4 February 2014 under
services for the proposed
company registration number
derivatives/futures exchange
CPR/2014/130100
Inactive
1.16 Directors of Subsidiaries
1.16.1 NSE Clear Limited
Name Designation Nationality Address Profession Age
Mr. Edward Njoroge Director Kenyan 18511-00500 Nairobi Engineer 61
Mr. Bob Karina Director Kenyan 45236-00100 Nairobi Investment Banker 61
Mr. Peter Mwangi Director Kenyan 28516-00200 Nairobi Chief Executive 44
1.17 Other Companies or Associations in which NSE has an interest
No Name & Country Authorised and issued Activities and current status % Beneficial Ownership
of Incorporation
share capital
a) *Central Depository and Kshs. 100,000,000/- Provision of services relating 22.5%
Settlement Corporation Limited
to clearing, settlement and depository
- incorporated in Kenya on 23rd services
March 1999 under company
registration number C. 84917
Active
*The other shareholders of Central Depository and Settlement Corporation Limited are:
(1) The Capital Markets Challenge Fund Limited - 50%;
(2) AKS Nominees Limited - 18% (associated with Kenya Association of Stockbrokers and Investment Banks);
(3) Investor Compensation Fund Board - 7% and
(4) Uganda Securities Exchange: 2.5%.
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