CMA approves registration of the Kenya Airways Employee Share Ownership Plan
Published on Wednesday, 06 February 2013 05:36
The Capital Markets Authority (CMA) has granted approval for the registration of the Kenya Airways Employee Share Ownership Plan (ESOP) which was established in 1996.
The Authority confirmed it has reviewed the application for the Kenya Airways ESOP which was aimed at bringing the ESOP into compliance with the Capital Markets (Collective Investment Scheme) Regulations 2001.
Listed companies may set up employee share ownership plans to enable employees own shares in the respective listed companies where they are employed but subject to approval of the Authority.