The National Securities Exchange (NSE) has extended the suspension of Kenya Airways PLC from trading shares for an additional 12 months, effective January 5.
According to a press statement released on Tuesday, NSE explained that the extension of suspension was to enable the company to complete its operational and restructuring processes.
“The suspension was approved and issued by the Capital Markets Authorities (CMA) pursuant to Section 11(3)(w) of the Capital Markets Act and Regulation 22 of the Capital Markets (Securities Public Offers, Listings, and Disclosures), Regulations 2002, the statement read in part.
This is not the first time KQ’s suspension has been extended. On January 5, 2023, NSE suspended the now-struggling airline from the stock market to allow room for restructuring.
