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GAZETTE NOTICE NO. 685

THE BANKING ACT

(Cap. 488)

ACT

IT IS notified for information of the general public that pursuant to the provisions of section 9 (1) and (5) of the Banking Act: 1. The Cabinet Secretary for The National Treasury and Planning has approved the acquisition of upto 100% 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 July 31, 2019 approved the acquisition of upto 100 percent of the issued share capital of Transnational Bank Plc by Access Bank Plc as per the Share Purchase Agreement dated August 13, 2019. 3. The Shareholders of Access Bank Plc vide a resolution passed on October 8, 2018 approved the acquisition of upto 100 percent of the issued share capital of Transnational Bank Plc by Access Bank Plc as per the Share Purchase Agreement dated August 13, 2019. 4. The acquisition shall take effect on February 1, 2020. Dated the 28th January, 2020. PATRICK NJOROGE, Governor, Central Bank of Kenya. *

Dated the 28th January, 2020.

PATRICK NJOROGE,

Governor, Central Bank of Kenya.

Extracted Entities (1)

previous_gazette_ref

685

Details

Act / Legislation: THE BANKING ACT
Reference: Cap. 488
Section: section 9 (1)
Signed By: PATRICK NJOROGE
Title: Governor, Central Bank of Kenya
Date Signed: 28th January 2020
Page: 5
Extraction Method: regex

Source Gazette

Vol. CXXII No. 21

Published 13th January 2020