Paul Arithi 
Buzuayehu Tadele,Board Chairman,East Africa Growth Holding (EAGH)
- EAGH Invests 86.5 Million shares in I&M Group Plc;
I&M Group PLC has completed the subscription of 86.5 million new ordinary shares by East Africa Growth Holding (EAGH) designed to boost the capital base of the Group and investor confidence.
The announcement follows shareholder approval in the General Meeting on 10 December 2024.
“EAGH subscribed for the entire allotment of 86,500,000 new ordinary shares under the Subscription Agreement,” part of the statement read.
The shares have been officially listed on the Nairobi Securities Exchange.
The I&M Group Board expressed its gratitude to shareholders and investors for the continued support, given that the subscription is a milestone of the company’s growth and expansion plan.
The announcement in accordance with the Capital Markets (Public Offers, Listing and Disclosures) Regulations, 2023, aligns with regulatory requirements and has been duly approved by the Capital Markets Authority.
I&M Holdings was licensed and approved as a non-operating holding company in accordance with the provisions of the Banking Act, Cap 488 Laws of Kenya following a reverse takeover of CTL by I&M Bank Limited in June 2013.
Prior to that, CTL was an investment holding company listed on the Alternative Investment Market Segment (AIMS) of the NSE.
Following the reverse takeover, CTL changed its name to I&M Holdings and moved on to the Main Investment Market Segment (MIMS) of the NSE.
The Company is regulated by the Capital Markets Authority (CMA) and the Central Bank of Kenya.
