Sharp Daily
No Result
View All Result
Saturday, August 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

HF Group announces 1.5 nillion new shares issuance with 30% greenshoe option

Derrick Omwakwe by Derrick Omwakwe
August 13, 2024
in News
Reading Time: 2 mins read

HF Group Plc has announced plans to issue up to 1,499,995,255 new ordinary shares to its existing investors at a price of KES 5.0 per share, including a 30% greenshoe option. In an August 12th resolution, the company’s board decided that shareholders would be entitled to three new shares for every one share they currently hold.

The group’s strong performance in the first quarter of 2024, highlighted by a KES 150.3 million profit after tax driven by rapid growth in non-interest income, underscores this offering. As of December 31, 2023, Britam Holdings owned a 19.4% stake in HF Group, while Britam Life Assurance Company held a total of 22.0%.

This transaction is pending approval from shareholders, the Capital Markets Authority (CMA), the Nairobi Securities Exchange (NSE), and a “No Objection” confirmation from the Central Bank of Kenya (CBK).

The greenshoe option allows HF Group to sell more shares than initially planned if there is strong demand, a common provision in IPO underwriting agreements.

RELATEDPOSTS

HF Group reports strong financial performance for FY’2023

March 28, 2024
HF Group

HF Group Posts Ksh77.3M Profit In Q3 Of 2022

November 29, 2022

HF Group, which has been listed on the Nairobi Securities Exchange since 1992 under the ticker symbol HFCK, closed the previous trading day at KES 4.13, reflecting a 19.3% gain year-to-date. With the current offering price, shares are being offered at a premium.

In a public notice, HF Group advised shareholders and the public to be cautious when dealing with the company’s shares, noting that the transaction could significantly impact the share price. Any further information will be disclosed following CMA approval.

Formerly known as Housing Finance Limited, HF Group operates in mortgage lending, corporate and retail banking, property development, and bancassurance.

Previous Post

Kenya’s debt and liquidity crisis looms, Njuguna Ndung’u warns Mbadi

Next Post

NG-CDF board cleared to procure KES 854 million ERP software

Derrick Omwakwe

Derrick Omwakwe

Related Posts

News

Kick financial goals: Invest with CMMF this football season

August 22, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024