NSE-Web-Prospectus-2014
NSE-Web-Prospectus-2014 NSE-Web-Prospectus-2014
NAIROBI SECURITIES EXCHANGE LIMITED ( formerly the Nairobi Stock Exchange Limited ) Incorporated in Kenya under the Companies Act, Registration Number CPU/2014/144920 ( the “NSE” ) PROSPECTUS in respect of ADMISSION TO LISTING of the NSE’s up to 194,625,000 issued and fully paid up ordinary shares to the Main Investment Market Segment of The Exchange and OFFER FOR SUBSCRIPTION by the NSE of up to 66,000,000 new ordinary shares of par value Kshs 4.00 each in the capital of the NSE at an offer price of Kshs 9.50 per ordinary share for Kshs 627,000,000 and incorporating the APPLICATION FORM Joint Lead Transaction Advisors The Capital Markets Authority has granted permission for the Offer of the Offer Shares and the Self-Listing of the NSE Shares on the Main Investment Market Segment of the Nairobi Securities Exchange. As a matter of policy, the Capital Markets Authority does not assume responsibility for the correctness of any statements or opinions made or reports contained in this Prospectus. Approval by the Capital Markets Authority of the Offer and the Self-Listing is not to be taken as an indication of the merits of Nairobi Securities Exchange Limited or the shares of the Nairobi Securities Exchange. This Prospectus is NOT FOR SALE A CDS Account is mandatory. For Kenyan applicants a bank account in Kenya is mandatory. 1
- Page 4 and 5: THIS DOCUMENT IS IMPORTANT FOR MAKI
- Page 6 and 7: Important Notice 1. This document i
- Page 8 and 9: Definitions & Abbreviations In this
- Page 10 and 11: Advisors To The Company For The Off
- Page 12 and 13: Directors’ Statement The Director
- Page 14 and 15: Chief Executive’s Statement which
- Page 16 and 17: 1.10 Directors of NSE Name Designat
- Page 18 and 19: No Name & Country Authorised and is
- Page 20 and 21: Section 3 Financial & Investment Da
- Page 22 and 23: Proforma Balance Sheet Impact of Of
- Page 24 and 25: Section 4 Terms And Conditions 4.1
- Page 26 and 27: a) agrees that having had the oppor
- Page 28 and 29: 4.16.5 In the event that the result
- Page 30 and 31: Section 5 Exchanges The following i
- Page 32 and 33: 1999: In January 1999, the CMA issu
- Page 34 and 35: Section 7 Products & Performance Th
- Page 36 and 37: Section 8 Nairobi Securities Exchan
- Page 38 and 39: 8 Immobilisation Level a) Governmen
- Page 40 and 41: 8.5 NSE Committees of the Board The
- Page 42 and 43: Section 9 Future Outlook Capital ma
- Page 44 and 45: Section 10 Selected Macroeconomic I
- Page 46 and 47: 11.2.5 Trading Intermediaries The N
- Page 51 and 52: Section 13 Statutory & General Info
NAIROBI SECURITIES EXCHANGE LIMITED<br />
( formerly the Nairobi Stock Exchange Limited ) Incorporated in Kenya under the<br />
Companies Act, Registration Number CPU/<strong>2014</strong>/144920 ( the “<strong>NSE</strong>” )<br />
PROSPECTUS<br />
in respect of<br />
ADMISSION TO LISTING<br />
of the <strong>NSE</strong>’s up to 194,625,000 issued and fully paid up ordinary shares to<br />
the Main Investment Market Segment of The Exchange and<br />
OFFER FOR SUBSCRIPTION<br />
by the <strong>NSE</strong> of up to 66,000,000 new ordinary shares of par value Kshs<br />
4.00 each in the capital of the <strong>NSE</strong> at an offer price of Kshs 9.50 per<br />
ordinary share for Kshs 627,000,000<br />
and incorporating the APPLICATION FORM<br />
Joint Lead Transaction Advisors<br />
The Capital Markets Authority has granted permission for the Offer of the Offer Shares and<br />
the Self-Listing of the <strong>NSE</strong> Shares on the Main Investment Market Segment of the Nairobi<br />
Securities Exchange.<br />
As a matter of policy, the Capital Markets Authority does not assume responsibility for the<br />
correctness of any statements or opinions made or reports contained in this <strong>Prospectus</strong>.<br />
Approval by the Capital Markets Authority of the Offer and the Self-Listing is not to be taken<br />
as an indication of the merits of Nairobi Securities Exchange Limited or the shares of the<br />
Nairobi Securities Exchange.<br />
This <strong>Prospectus</strong> is NOT FOR SALE<br />
A CDS Account is mandatory.<br />
For Kenyan applicants a bank account in Kenya is mandatory.<br />
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