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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