Investors and shareholders of Kenyan firm AccessKenya will meet on Monday for the company’s annual general meeting (AGM) to discuss the company’s future amid reports of a Dimension Data buyout.
HumanIPO reported earlier this month Dimension Data was reported to have tabled a bid of more than KSh3 billion (US$36 million) for AccessKenya as it looks to expand across Sub-Saharan Africa.
According to AccessKenya shareholders will be briefed on the company’s financial performance for the previous year and thereafter consider the proposed dividend per share of KSh0.30.
However what most investors will be awaiting eagerly is a briefing on the buyout bid by Dimension Data, which has already given notice of an offer.
Dimension Data’s open market offer to buy 100 percent of the issued share capital at KSh14 per share – a total amount equivalent to KSh3.052 billion (approx. 36.3m) – is KSh4.45 per share more than the last traded price.
