Kenya Power & Lighting Company (KPLC) plans to restructure its share capital in Q1 of 2010 in an effort to strengthen its balance sheet and also enhance the affordability of its shares in the market.
This will include:
- Conversion of 87% of the 7.85% redeemable non-cumulative preference shares owned by the Govt into ordinary shares.
- Floatation of a rights issue where the govt will renounce some of its rights and trade them on the NSE.
- Carry out an unspecified share split so that the KPLC shares can trade at a smaller denomination.
Here is the complete press release from KPLC.
Interesting idea.


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I rarely get giggles or motivation from forwards sent to me with a threatening “you will forward this to 25 people or else you will die” type of e-mails.
This one caught my attention though as it’s not only true to life, it’s also hilarious. And my buddy who sent it didn’t threaten me with something dodgy if I didn’t send it on. Any parent will relate to this. Enjoy:
Birth order of children
1st baby: You begin wearing maternity clothes as soon as your doctor confirms your pregnancy.
2nd baby: You wear your regular clothes for as long as possible.
3rd baby: Your maternity clothes ARE your regular clothes.
_____________________________________________________
Preparing for the Birth:
1st baby: You practice your breathing religiously.
2nd baby: You don’t bother because you remember that last time breathing didn’t do a thing.
3rd baby : You ask for an epidural in your eighth month.
________________________________________________
The Layette :
1st baby: You pre-wash newborn’s clothes, colour coordinate them, and fold them neatly in the baby’s little bureau.
2nd baby: You check to make sure that the clothes are clean and discard only the ones with the darkest stains.
3rd baby: Boys can wear pink, can’t they?
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Worries:
1st baby: At the first sign of distress–a whimper, a frown–you pick up the baby.
2nd baby: You pick the baby up when her wails threaten to wake your firstborn.
3rd baby: You teach your three-year-old how to rewind the mechanical swing.
______________________________________________________
Dummy:
1st baby: If the dummy falls on the floor, you put it away until you can go home and wash and boil it.
2nd baby: When the dummy falls on the floor, you squirt it off with some juice from the baby’s bottle..
3rd baby: You wipe it off on your shirt and pop it back in.
______________________________________________________
Nappies:
1st baby: You change your baby’s nappy every hour, whether they need it or not.
2nd baby: You change their nappy every two to three hours, if needed.
3rd baby: You try to change their nappy before others start to complain about the smell or you see it sagging to their knees.
____________________
Activities:
1st baby: You take your infant to Baby Gymnastics, Baby Swing, and Baby Story Hour.
2nd baby: You take your infant to Baby Gymnastics.
3rd baby: You take your infant to the supermarket and the dry cleaner.
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Going Out:
1st baby: The first time you leave your baby with a sitter, you call home five times.
2nd baby: Just before you walk out the door, you remember to leave a number where you can be reached…
3rd baby: You leave instructions for the sitter to call only if she sees blood.
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At Home:
1st baby : You spend a good bit of every day just gazing at the baby.
2nd baby: You spend a bit of everyday watching to be sure your older child isn’t squeezing, poking, or hitting the baby.
3rd baby: You spend a little bit of every day hiding from the children.
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