On 24th October 2018, Rubis Énergie delivered a notice of intention to the board of directors of KenolKobil of its intention to acquire 100% of the ordinary shares of KES 0.05 each in the share capital of KenolKobil Plc other than those already held by Rubis Énergie S.A.S by way of a cash offer of KES 23 per share.
.@KenolKobil Plc Takeover offer by Rubis Energie is Open for acceptance until 18th Feb 2019. If you are a shareholder of KenolKobil and wish to accept the Offer, please call us on +254 020 7606026-37 or email us firstname.lastname@example.org https://t.co/mqLWivq4DZ pic.twitter.com/r2786LKWM1
— Faida Investment Bank. (@FIB_Kenya) February 15, 2019
The Offer values the entire issued ordinary share capital of KenolKobil at KES 35.67 billion and represents:
- a premium of 53.4% per cent to the volume weighted average price (VWAP) at which Shares of KenolKobil traded on the Nairobi Securities Exchange for the 30 trading days up to 22nd October 2018;
- a premium of 50.5% per cent to the daily average trading price at which Shares traded on 22nd October 2018;
The company’s board has given the go-ahead and advised the shareholders to accept the offer. Different regulatory bodies including Capital Markets Authority of Kenya and the Competition Authority have approved the deal.
Here are the key timelines to note;
If you are a shareholder of KenolKobil and wish to accept the Offer, please call us on +254 020 7606026-37 or email us email@example.com