Daily Nation: Business News | TPS Serena seeks Sh1.2 billion via rights issue

TPS Serena seeks Sh1.2 billion via rights issueTourism Promotion Services East Africa Ltd (TPS) plans to raise Sh1.2 billion through a rights issue to drive its regional expansion plans.

The issue is, however, subject to shareholder’s approval at an annual general meeting to be held on May 24 and the market regulators – the Capital Markets Authority and Nairobi Stock Exchange.

The only tourism firm listed at the bourse is due to issue 24,701,774 new shares at a rate of one for every five held.

via Daily Nation: – Business News |TPS Serena seeks Sh1.2 billion via rights issue.

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Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, inter and intra faith endeavors, achievements and humanitarian works.

One thought

  1. I still think it will be a LOOOONG time before Africa (any part of it) becomes a favored tourist destination!

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