Dear Kenyans, Our attention has been drawn to a hate anonymous document circulated on social media on the shareholding structure of the bank. We wish to put the following on record: The listing of Co-operative Bank was over 8 years back in year 2008. This was vide an Initial Public Offer (IPO) that was approved by all the necessary Government regulatory agencies that included the Ministry of Finance, the Central Bank of Kenya, the Nairobi Securities Exchange and the Capital Markets Authority. All the pertinent disclosures were made as per the detailed Information Memorandum to the general public dated 27th October 2008 that included the restructuring process undertaken to facilitate the listing. The Hon. Minister for Finance vide Gazette notice No.7089 dated 8th August 2008 effected the restructuring. The Hate document was initially circulated way back in June 2008 by a former Managing Director of the Bank Mr. Erastus Mureithi, who was retired early by the bank in year 2...
Emancipate yourself from mental slavery, None but ourselves can free our minds. Have no fear for atomic energy, 'Cause none of them can stop the time.