HF Group secured Capital Markets Authority approval to issue and list 94.27 million new shares for its Employee Share Ownership Plan, completing a restructuring that began with a shareholder vote in May 2025.
- •The approval activates the company’s updated ESOP framework, which replaces the 2008 scheme and introduces a modern structure built under the Companies Act.
- •The CMA nod allows HF Group to create and issue the shares at a par value of KSh 5 and transfer them to the ESOP trustees in line with the Trust Deed and Rules adopted at the May 28 AGM.
- •Those resolutions expanded the firm’s nominal capital and authorized the 94.27 million-share allotment, which shareholders endorsed with near-unanimous support.
Under the approved structure, the board is permitted to allot the ESOP shares over as long as five years, with total staff ownership capped at 5 percent of HF Group’s issued share capital at any given time. The shares will rank pari passu with the company’s existing ordinary stock, giving employees full dividend and voting rights once units are allocated.
The CMA approval marks the final regulatory step in the rollout of the plan, clearing HF Group to proceed with listing and issuance. It also confirms the transition away from the legacy 2008 scheme, which the board and shareholders agreed to retire as part of the broader capital and incentive restructuring.
