NSE-Web-Prospectus-2014

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13.27 Expenses of the OfferTable 13.3 - IPO ExpensesExpenseKshsLead Transaction Advisory Fees, Lead Sponsoring Stockbroker Fees, Sponsoring Stockbroker Fees,Legal Advisor Fees, Reporting Accountant Fees, Receiving Agent Fees, Registrar Fees, Receiving Bank costs 24,000,000CMA Fees 900,000The Exchange Fees 500,000Placement Commission* 9,405,000Printing Costs plus Contingency / Miscellaneous 6,000,000Total 40,805,000These figures are exclusive of VAT (where applicable), are indicative and are subject to change.* Maximum possible. Placing commission of 1.5% is payable to members of the NSE and 1% to non-members of the NSE (subjectwhere necessary to a minimum of Kshs 100 per application) appointed as Authorised Agents, and is computed on the value ofeach successful application accepted in respect of the Application Form completed and signed by investors bearing the stampof a single Authorised Agent.Additional NSE Awareness Campaign, Pre-Offer & Offer Marketing, Public Relations, Media Design & Buying and miscellaneousrelated expenses is estimated at Kshs 38 million (exclusive of VAT) and is indicative and subject to change.Payment to the Investor Compensation Fund Board – the applicable rate for the interest deemed to accrue on the gross proceeds ofthe IPO between the Closing Date and the Refund Date/crediting of securities shall be the average Central Bank of Kenya interbankovernight lending rate.13.28 InspectionThe following documents, or copies thereof, may be inspected at the NSE’s registered office during normal working hours on any workingday during the Offer Period:(a)the Memorandum and Articles of Association of the Company;(b) the audited financial statements of the Company in respect of the financial years ended 31 December 2009, 2010, 2011, 2012and 2013;(c) extract of the minutes of the meeting of the Board and the Shareholders’ meeting held on 2 April 2014 and 25 April 2014authorising the Offer and the Self Listing;(d)(e)(f)(g)(h)(i)the material contracts referred to in Section 13.12 above;the Reporting Accountants’ Report as reproduced in this Prospectus and their written consent to the issue of this Prospectus withtheir report included herein in the form and context in which it is so included;the Legal Opinion of Legal Advisor to the Offer as reproduced in this Prospectus and their written consent to the issue of thisProspectus with their opinion included herein in the form and context in which it is so included;a copy of this Prospectus;approval of the Capital Markets Authority in respect of the Offer;approval of The Exchange in respect of the Self-Listing of the NSE Shares on the Main Investment Market Segment;(j) the Management Accounts for the Four Months Period Ended 30 April 2014;(k)Offer Price report.60
Section 14Authorised AgentsTrading Participants of the Nairobi Securities Exchange (NSE)Standard Investment Bank LimitedICEA Building, 16th Floor,Kenyatta AvenueP. O. Box 13714 - 00800, Nairobi, Kenya.Tel: 2228963/2228967info@sib.co.keRenaissance Capital (Kenya) Limited6th floor, Purshottam PlaceWestlands Road, WestlandsP. O. Box 40560 - 00100, Nairobi, Kenya.Tel : 3682000infokenya@rencap.comDyer & Blair Investment Bank LimitedPension Towers, 10th floor,P.O. Box 45396 00100, Nairobi, Kenya.Tel: 3240000/ 3240136Fax: 2218633shares@dyerandblair.comwww.dyerandblair.comInvestment BanksAfrican Alliance Kenya Investment Bank LimitedTransnational Plaza, 1st Floor, Wing B,Mama Ngina Street,P. O. Box 27639 - 00506, Nairobi, Kenya.Tel: 2762000securities@africanalliance.co.keCBA Capital LimitedCBA CentreMara Ragati Road Junction, Upper Hill,P.O. Box 30437-00100, Nairobi, Kenya.Tel: 0202884000/+254 20 2884000 / 365Mobile +254 711 056365Fax: 020 2734616Equity Investment Bank LimitedEquity Centre,Hospital Road, Upper Hill,P.O Box 75104 – 00200, Nairobi, Kenya.Tel: +254-20-2262477Mobile: +254719-056515, 719-056511, 719-056513Fax: +254 20 2711439www.equitybankgroup.comFaida Investment Bank LimitedCrawford Business park,Ground Floor, State House Road,P. O. Box 45236-00100, Nairobi, Kenya.Tel: +254-20-7606026-35Fax: 2243814info@fib.co.kewww.fib.co.keGenghis Capital Limited4th Floor, PwC Tower,Westlands, Nairobi.P.O.Box 9959 - 00100, Nairobi, Kenya.Phone: +254 202 774 760/1/2www.genghis-capital.comTwitter: @GenghisCapitalSBG Securities LimitedCfC Stanbic Centre,58 Westlands Road,P. O. Box 47198 – 00100, Nairobi, Kenya.Tel: 3638900Fax: 3752950sbgs@stanbic.comwww.sbgsecurities.co.keStockbrokersABC Capital LimitedIPS Building, 5th Floor,Kimathi StreetP. O. Box 34137 - 00100, Nairobi, Kenya.Tel: 2246036/2245971headoffice@abccapital.co.keAIB Capital LimitedFinance House, 9th Floor,Loita StreetP. O. Box 11019 - 00100, Nairobi, Kenya.Tel: 2210178/2212989info@aibcapital.comApex Africa Capital LimitedRehani House, 4th Floor,Koinange StreetP. O. Box 43676 - 00100, Nairobi, Kenya.Tel: 242170/2220517invest@apexafrica.comFrancis Drummond & Company LimitedHughes Building, 2nd floor, Kenyatta AvenueP.O. Box 45465 00100, Nairobi, Kenya.Tel: +254 20 3318689/90 and 0724 256815Fax: 2223061Email: info@drummond.co.keKestrel Capital (East Africa) LimitedICEA Building, 5th Floor,Kenyatta AvenueP. O. Box 40005 - 00100, Nairobi, Kenya.Tel: 2251758/2251893info@kestrelcapital.comKingdom Securities LimitedCo-operative Bank House,5th Floor,P.O Box 48231 00100, Nairobi, Kenya.Tel: 3276940/3276256/3276154Fax: 3276156info@kingdomsecurities.co.keNIC Securities LimitedNIC House, Ground Floor, Masaba Road,P. O. Box 44599 - 00100, Nairobi, Kenya.Tel: 2888444 / 0711041444info@nic-securities.comOld Mutual Securities LimitedIPS Building, 6th Floor,P.O. Box 50338-00200, Nairobi, Kenya.Tel: 2241379/2241408Fax: 2241392info.oms@oldmutualkenya.comwww.oldmutual.co.keSterling Capital LimitedBarclays Plaza, 11th Floor, Loita Street.P.O. Box 45080- 00100, Nairobi, Kenya.Tel: 2213914/ 244077/ 0723153219/ 0734219146Fax: 2218261Email: info@sterlingib.comwww.sterlingib.comSuntra Investments Limited10th Floor, Nation Centre,Kimathi StreetP. O. Box 74016 - 00200, Nairobi, Kenya.Tel: 2870000info@suntra.co.ke61
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NAIROBI SECURITIES EXCHANGE LIMITED
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MIMSNSE SharesOfferOffer PeriodOffe
Page 11 and 12: SBG Securities LimitedCfC Stanbic C
Page 13 and 14: Chairman’s Statement(USD 2.89 bil
Page 15 and 16: Section 1Corporate Directory1.1 Cou
Page 17 and 18: 1.15 Subsidiaries of the NSEName &
Page 19 and 20: Section 2TimetableThe timetable for
Page 21 and 22: The dividend history is as follows:
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Page 37 and 38: 8.2 Equities ProfileThe listed shar
Page 39 and 40: Bachelor’s degree in Mathematics
Page 41 and 42: IT departments. Jane has also worke
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Page 45 and 46: Section 11Material RisksThe future
Page 47: Section 12Legal Opinion45
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Page 55 and 56: provided by Section 132 of the Act.
Page 57 and 58: under Article 116 hereof, may by an
Page 59 and 60: Land Reference No. 209/18851 was pu
Page 64 and 65: AnnexuresAnnexure ANairobi Securiti
Page 69: Annexure A2Nairobi Securities Excha
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Serial No.Offer Opens: 9.00am, 24 J
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Notes113
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Notes115
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