Capital Markets Authority

Sunday, 05 September 2010

Home

Tenders

FAQs

Careers

Feedback

Site Map

About CMA

Investor Education

Regulatory Framework

Enquiries

Forms

News and Publications

Enforcement

Research

Mandate of the Authority

The Capital Markets Authority is established by an Act of Parliament to promote, regulate and facilitate the development of an orderly, fair and efficient Capital Markets in Kenya.

What are you looking for?

CMA Outlines Its Position on Issuing Penalties Approval of crown berger kenya limited commercial paper programme Renewal Of Capital Market Licences For The Year 2010 Financial Regulators to work toward Vision 2030 objective of creating an International Financial Hub Tenders TENDER REF. NO.CMA/3/2010-2011: Disposal of unserviceable and surplus motor vehicles Automated Trading And Settlement System For Bonds

Approval of proposed bonus issue by carbacid investments limited

Nairobi December 4, 2009
The Capital Markets Authority (CMA) has granted approval to Carbacid Investments Limited to issue and list on the Nairobi Stock Exchange an additional 22,653,510 ordinary shares of a par value of Kshs. 5.00 each, in a bonus issue, to the shareholders of Carbacid Investments Limited in the ratio of two (2) new ordinary shares for every one (1) ordinary share held.

The Authority’s approval is subject to Carbacid Investments Limited shareholders approving the bonus issue.

“The Authority has reviewed the disclosures made by Carbacid Investments Limited in its application and is satisfied that they are in conformity with the disclosure requirements for additional issues under the Capital Markets Act and regulations”, said Mrs. Kilonzo, Chief Executive, Capital Markets Authority.

About Us

what we are

Board members

Management team

Our Current Licensees

News and Publications

Press Center

Annual Reports

DSC workshop presentations

Regulatory Framework

Research and Policy Issues

Investor Education

Articles and Topical Issues

FAQs

How does the stock market work?

Role Of Capital Markets In An Economy?

What do I need to know about CDs

Highlights

AUTHORITY APPROVES A BONUS ISSUE BY JUBILEE HOLDINGS LIMITED.

The Capital Markets Authority (CMA) has granted approval toJubilee Holdings Ltd for the issue of bonus shares in the ratio of one (1) new ordinary share for every ten (10) ordinary shares held as at close of business on June 14, 2010, and their subsequent listing on the Main Investment Market Segment of the Nairobi Stock Exchange. This will result in an additional 4,500,000 ordinary shares of a par value of Kshs. 5.00 each to the shareholders of Jubilee Holdings Limited.

“In approving the bonus issue and listing of the additional shares, the Authority has considered the application by Jubilee Holdings Ltd and is satisfied that it meets the requirements of the Capital Markets Act 485(A) and Regulations issued there under.” Said CMA Chief Executive, Mrs. Stella Kilonzo.

Appointment Of Transaction Advisers

The Capital Markets Authority wishes to draw the attention of all licensees and members of the public to the provision of Regulation 5A of the Capital Markets (Public Offer, Disclosure and Listing) Regulations 2002 which came into effect on June 11, 2009 and which provides as follows:

Any company proposing to offer its securities to the public or a section of the public shall appoint a transaction adviser.
A transaction adviser appointed under paragraph (1) shall be responsible for ensuring that the offer of securities is made in accordance with the Act and regulations issued thereunder.
A person shall not be eligible for appointment as a transaction advisor unless such a person is licensed as an investment bank or is approved by the Authority to act as a transaction advisor for the particular offer of securities.

In accordance with this provision, ALL issuers of securities to the public are required to appoint a Transaction Adviser that is licensed as an Investment Bank or in the alternative, prior to appointing a transaction adviser that is not a licensed Investment Bank, to seek the Authority’s approval of such a person.

Kindly note that that save for Investment Banks, all persons seeking to act as transaction advisers shall be required to seek prior approval from the Authority before they are considered eligible to act as a transaction advisers.

The Authority may consider the appointment of a joint team of transaction advisers provided that the same comprises a licensed Investment Bank.

Renewal Of Capital Market Licences For The Year 2010

The attention of the Capital Markets Authority has been drawn to an erroneous report that appeared on the Tuesday May 11th 2010 Standard Newspaper’s , Financial Journal section, Page 9 titled ‘Will CMA renew brokers licences?’.
Read more...

CAUTIONARY STATEMENT

The public are advised to be wary of and to avoid giving money to companies that hold themselves out as carrying on the business of Investment Advisers or any other licensed activity without holding valid licenses issued under the Capital Markets Act.

The public should note that the Capital Markets Act (Cap 485A) and regulations prohibit any company from carrying on the business of a licensed person without the requisite licence. A list of all persons holding a license from the Authority is available on the website of the Authority (www.cma.or.ke) and investors should not hesitate to contact the Authority for any clarifications on the same.

The Authority shall take appropriate action against any unlicensed persons that carry on or hold themselves out as carrying on the business of a licensed person. In this regard the Authority specifically warns the public over any dealings with the following entities:

1.    Caribbean Stocks
2.    Caribbean Solutions Finders Limited
3.    Orgacilla Merchants

We would like to take this opportunity to request the public to provide the Authority with any information on any such unlicensed persons to enable us to take action in the interest of investors.

Investors with queries or complaints may also contact the Capital Markets Fraud Investigation Unit on 0714 693414, 0714693365, 0731544389, 0733199622 or by email on This e-mail address is being protected from spam bots, you need JavaScript enabled to view it