NMG starts buying back stock from shareholders
Nation Media Group (NMG) has kicked off a debut stock buyback plan in East and Central Africa by setting out to buy back 10 percent (20.7 million shares) of its issued and paid-up share capital in less than three months. The company, which is listed on the Nairobi Securities Exchange (NSE), becomes the first corporate to implement the share buyback option after the provision was incorporated in the Companies Act, 2015.
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