GAZETTE NOTICE NO. 5475

IT IS notified for information of the general public that pursuant to the provisions of section 9 (5) of the Banking Act— 1. the shareholders of the Jamii Bora Bank Limited vide a resolution passed at a meeting held on the 1st July, 2020, approved the acquisition of ninety percent of the issued share capital of Jamii Bora Bank Limited by Co-operative Bank of Kenya Limited as per the Share Subscription Agreement dated the 17th July, 2020; 2. the Directors of Co-operative Bank of Kenya Limited vide a resolution passed on the 28th May, 2020 approved the acquisition of ninety percent of the issued share capital of Jamii Bora Bank Limited by the Co-operative Bank of Kenya Limited as per the Share Subscription Agreement dated the 17th July, 2020. The Co-operative Bank of Kenya Board Resolution will be tabled at the bank’s next Annual General Meeting for ratification; 3. pursuant to section 9 (1) of the Banking Act, the Cabinet Secretary for the National Treasury and Planning on the 4th August, 2020, approved the acquisition, by subscription, of ninety percent of the issued share capital of Jamii Bora Bank Limited by the Co- operative Bank of Kenya Limited; 4. the acquisition shall take effect on the 21st August, 2020. Dated the 5th August, 2020. PATRICK NJOROGE, Governor , Central Bank of Kenya.