Key Developments: TPS Eastern Africa Ltd (TPSE.NR)

TPSE.NR on Nairobi Stock Exchange

38.25KES
22 Jul 2014
Price Change (% chg)

Kshs.0.50 (+1.32%)
Prev Close
Kshs.37.75
Open
Kshs.41.50
Day's High
Kshs.41.50
Day's Low
Kshs.38.25
Volume
1,200
Avg. Vol
--
52-wk High
--
52-wk Low
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Latest Key Developments (Source: Significant Developments)

TPS Eastern Africa Ltd recommends FY 2013 dividend
Monday, 14 Apr 2014 08:00pm EDT 

TPS Eastern Africa Ltd:Recommends for FY 2013 a dividend of 1.35 Kenyan shillings per share (2012: 1.30).Payment on or about June 20.  Full Article

TPS Eastern Africa Ltd Does Not Recommend Interim Dividend
Tuesday, 13 Aug 2013 08:00pm EDT 

TPS Eastern Africa Ltd announced that consistent with the Company's dividend policy, the Board did not recommend the declaration of an interim dividend for the six months ended June 30, 2013.  Full Article

TPS Eastern Africa Ltd Recommends FY 2012 Dividend
Sunday, 7 Apr 2013 08:00pm EDT 

TPS Eastern Africa Ltd announced that the Directors of the Company have decided to recommend the fiscal year 2012 final dividend of KES 1.30 per share, which remains unchanged from the fiscal year 2011 final dividend of KES 1.30 per share. Accordingly, the Company announced that the fiscal year 2012 dividend will be paid on or about June 20, 2013 to shareholders on record at the close of the business on May 30, 2013.  Full Article

TPS Eastern Africa Ltd to Acquire 79.19% Stake in TPS (Uganda) Limited from Two Sellers by Allotting Its 41,252,568 New Shares in Total
Sunday, 27 Jan 2013 07:00pm EST 

TPS Eastern Africa Ltd (TPSEA) announced that the Shareholders of TPSEA approved the acquisition of up to 79.19% of the issued share capital of TPS (Uganda) Limited (TPS) on January 11, 2013. In accordance with the terms of the Share Swap Agreement dated October 12, 2012, the transaction will be completed by allotting 33,963,468 new shares in TPSEA to the Aga Khan Fund for Economic Development (AKFED) and 7,289,100 new shares in TPSEA to The National Social Security Fund (Uganda) (NSSF), the sellers, in consideration for the acquisition of shares held by the sellers in TPS, which gives the global amount of 41,252,568 new ordinary shares in TPSEA. Accordingly, TPSEA is to acquire 90,860 ordinary shares in TPS, representing 65.20% of the authorized and issued share capital of TPS, from AKFED and has issued 33,963,468 new ordinary shares in TPSEA to AKFED as part of the consideration for the acquisition, the allotment being effective from January 11, 2013. Finally, TPSEA is to issue a further 7,289,100 new ordinary shares in TPSEA to NSSF as part of the consideration for the acquisition of 19,500 ordinary shares in TPS, representing 13.99% of the authorized and issued share capital of TPS, pursuant to the terms of the Share Swap Agreement. Under the terms of the Share Swap Agreement, the acquisition of the 19,500 shares held by NSSF will be completed under the same terms as the acquisition of AKFED's shares as at January 11, 2013 and will not be subject to any further changes.  Full Article

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