The Aga Khan Fund for Economic Pattern (AKFED) has presented its blueprint to transfer all its shares, worth 54.08 per cent in Nation Media Neighborhood Plc (NMG) to its fully owned Kenyan subsidiary, NPRT Holdings Africa Shrimp, as share of an internal reorganization.
NMG is a regional media company that is listed on Nairobi Securities Trade and wicked-listed on Rwanda Stock Trade (RSE).
ALSO READ: [PHOTOS] Aga Khan pays tribute to Genocide victims in Kigali
In response to a regulatory glimpse published below Kenya’s Capital Markets (Rob-overs and Mergers) Regulations, the transaction involves the transfer of roughly 92.6 million traditional shares of NMG from AKFED to NPRT.
The shares signify 54.08 per cent of the corporate’s issued share capital.
The eye also indicates that neither AKFED nor NPRT will doubtless be required to salvage a takeover provide for the the rest of the share capital of NMG.
“The reorganization is purely internal and does not involve any third-party buyers or new investors,” NPRT acknowledged within the glimpse. “Shareholders’ rights and the company’s listing on the Nairobi Securities Exchange and regional exchanges will remain unaffected.”
The shares will doubtless be transferred thru a block alternate settlement between AKFED and NPRT.
NPRT is integrated in Kenya and is fully owned by AKFED. The eye highlights that NPRT on the second does now not conduct any alternate beyond serving because the aloof keeping entity for the NMG shares.
In a press allege, AKFED acknowledged that the transaction would now not consequence in any alternate within the corporate’s closing vital ownership or administration construction.
“Pursuant to a share transfer agreement dated 30 July 2025 entered into between AKFED and NPRT, AKFED will sell and NPRT will purchase the Shares in consideration for the issuance to AKFED of shares in the issued share capital of NPRT,” the glimpse reads.
In response to the glimpse, NPRT has now not previously held any shares in NMG as of the date of the glimpse, and neither its administrators nor AKFED’s administrators preserve NMG shares of their non-public capacities.
