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The Standard e-Paper
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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Longhorn Publishers’ 126 million new shares have begun trading at the Nairobi Securities Exchange (NSE) following a successful rights issue.
The firm, which is the only listed publisher in Africa, raised Sh533 million in the recently concluded rights issue that saw existing shareholders buy additional shares at Sh4.20 per share.
The Sh4.20 price offered a discount of 18 per cent compared to the Sh5.10 trading price prior to the rights issue.
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