Annual report - front page - Jubilee Insurance

CORPORATE GOVERNANCE STATEMENT (CONTINUED)(c)Board Nominating and Human Resource Committee(Quorum = Two)Name January March July September November DecemberNizar Juma √ √ √ √ √ √John Metcalf √ √ √ √ √ ×Tom Owuor √ √ √ √ √ √Directors’ interest in the shares of the company as at 31st December, 2011Directors ShareholdingNameNumber of shares heldMr. Sultan Khimji(including shares held by his family and company in which he has an interest) 9,966Distribution of Shareholders as at 31 December 2011Number Number of Number of %of shares shareholders shares held ShareholdingLess than 500 shares 1,397 249,067 0.46%500-5,000 shares 3,701 7,014,298 12.88%5,001 – 10,000 shares 570 3,741,946 6.87%10,001 – 100,000 shares 529 12,288,175 22.57%100,001 – 1,000,000 shares 25 6,998,250 12.85%Over 1,000,000 shares 2 24,158,264 44.37%Total 6,224 54,450,000 100.00%List of 10 Largest Shareholders as at 31 December 2011Names Number of shares held % Shareholding1 Aga Khan Fund for Economic Development 20,682,750 37.98%2 Ameerali K. Somji and/or Gulzar Ameerali K. Somji 3,475,514 6.38%3 United Housing Estates Limited 987,940 1.81%4 Adam’s Brown and Company Limited 972,827 1.78%5 Freight Forwarders Kenya Limited 918,456 1.68%6 Ameerali K. Abdulrasul Somji and Hanif Mohamed Somji 841,694 1.54%7 Noorali Rashid Sayani and Gulshan Noorali Sayani 272,358 0.50%8 Kenya General Agency (Mombasa) Limited 231,000 0.42%9 Ariff Aziz Ukani and Farah Bahadur Alibhai Shamji 205,665 0.37%10 Aleem Jinah and Hadi Janmohamed Jinah 163,300 0.32%TOTALS 28,751,504 52.78%JUBILEE HOLDINGS LIMITEDAnnual Report and Financial Statements 2011 13