trending Market Intelligence /marketintelligence/en/news-insights/trending/A0Gb9JyQoNdZSqIXcIYI4Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

KCB Group seeks shareholder approval for rights issue, dividend

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

KCB Group seeks shareholder approval for rights issue, dividend

KCB GroupLtd., formerly Kenya Commercial Bank, said April 7 that its boardrecommended a first and final dividend of 2 Kenyan shillings per share for2015.

The per-share dividend payout will involve a cash portion of1 shilling and a scrip dividend of 1 shilling.

Additionally, the lender plans to increase its share capitalby 1.00 billion shillings via the issuance of 1 billion new shares. The nominalvalue of the shares is 1 shilling each. Following the move, the authorizedshare capital of the bank will increase to 4.50 billion shillings.

The company also plans to seek shareholder approval at theApril 29 annual general meeting for an up to 10 billion shilling rights issue.

The company also wants shareholders to approve the change ofits name to KCB Group Plc from KCB Group Ltd.

As of April 7, US$1was equivalent to 101.35 Kenyan shillings.