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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.
Listed publishing house Longhorn Publishers Limited intends to raise up to Sh500 million in a rights issue for expansion.
In order to finance product and regional diversification, Longhorn has proposed the creation of about 600 million new shares subject to regulatory approvals. Shareholders will meet on December 21, 2015 for an Annual General Meeting to give the nod to the rights issue.
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