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GAZETTE NOTICE NO. 275
GAZETTE NOTICE NO. 275
THE BANKING ACT
(Cap. 491)
TRANSFER
IT IS notified for information of the general public that in exercise of the powers conferred by section 9 (1) and (5) of Banking Act —
1. the Cabinet Secretary for the National Treasury and Planning has approved the acquisition of up to 100 percent of the issued share capital of Transnational Bank PLC by Access Bank PLC;
2. the shareholders of Transnational Bank PLC vide a resolution passed on 31st July, 2019 approved the acquisition of up to 100 percent of the issued share capital of Transnational Bank PLC by
Access Bank PLC as per the share purchase agreement dated the 13th
August, 2019;
3. the shareholders of Access Bank PLC vide a resolution passed on the 8th October, 2018 approved the acquisition by Access Bank
PLC of up to 100 percent of the issued share capital of Transnational
Bank PLC as per the share purchase agreement dated the 13th August, 2019; and
4. the amalgamation shall take effect on the 1st February, 2020.
Dated the 14th January, 2020.
PATRICK NJOROGE, Governor, Central Bank of Kenya.
17th January, 2020 THE KENYA GAZETTE 109
PATRICK NJOROGE,
Governor, Central Bank of Kenya.
Extracted Entities (1)
previous_gazette_ref
275
Details
- Act / Legislation
- THE BANKING ACT
- Reference
- Cap. 491
- Section
- section 9 (1)
- Signed By
- PATRICK NJOROGE
- Title
- Governor, Central Bank of Kenya
- Page
- 6
- Extraction Method
- regex
Source Gazette
Vol. CXXII No. 9
Published 6th January 2020