Kenya Pipeline Company employees offered 590mn shares in IPO listing

NAIROBI, Kenya, Jan 20 - The Kenya Pipeline Company (KPC) has reserved 590.6 million shares for its workforce and 1.8 billion shares for Oil Marketing Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Kenya Pipeline Company (KPC) has allocated 590.6 million shares to its employees and 1.8 billion shares to Oil Marketing Companies (OMCs) in its Initial Public Offering (IPO), representing a combined 20 percent of the total public offer. The remaining 80 percent is evenly distributed among various investor categories.

Total public offer comprises 11.8 billion shares.
KPC has also established an Employee Share Option Plan (ESOP) Trust to hold up to 1.5 percent of the company’s authorized share capital post-listing.
A minimum lock-in period of two years applies to ESOP shares, with liquidity mechanisms for sale on the Nairobi Securities Exchange (NSE) upon vesting or exit.

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