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HomeEconomyCorporateNSE extends suspension from trading KQ share for further 12 months

NSE extends suspension from trading KQ share for further 12 months

The Nairobi Securities Exchange (NSE) has extended the suspension from trading of Kenya Airways (KQ) shares for an additional 12 months with effective January 5, 2022.

The Nairobi Securities Exchange (NSE) has extended the suspension from trading of Kenya Airways (KQ) shares for an additional 12 months with effective January 5, 2022.

NSE stated that KQ’s operational and corporate restructure is still ongoing and the Government is expected to give a clear direction on its buy-out or bail-out.

“The suspension was approved and issued by the Capital Markets Authority pursuant to section 11 (3) (w) of the Capital Markets Act and regulation 22 of the Capital Markets,” read a notice.

Before its suspension from trading at the NSE, the airline’s share was trading at Ksh.3.83. The share price represents a major premium given that the national carrier’s liabilities exceed its assets.

All shareholders, investors and the general public are advised to take note of the suspension as the government holds on the price it will offer to buy shares, among other terms.

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