Public asked to be cautious when dealing with East African Cables shares

NAIROBI, KENYA: East African Cables has entered into a conditional transaction that may result in a material change in the company and the parent company (TranCentuary Group) capital structure and debt profile.

In cautionary advice to its shareholders and those of TranCentuary PLC, East African Cables Board said the transaction is subject of receipt of various approvals and conclusion of ongoing discussions with stakeholders.

“This transaction when concluded will have a material effect on the equity value of the business. Shareholders and the public are therefore advised to exercise caution when dealing in the shares of EAC and TC,”