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Oil marketer KenolKobil to list 79m employee shares

KenolKobil Chief Executive Mr.David Ohana. [File, Standard]

Market analysts expect KenolKobil shareholders to lose five per cent of their stake as the oil marketer lists Sh3.9 million worth of shares for employees.

The firm announced it had received consent from the market regulator to list 79 million shares at Sh0.05 each under the Employee Share Option Plan (Esop).

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