PUBLIC ANNOUNCEMENT
PROPOSED REDUCTION OF THE SHARE PREMIUM OF BRITAM HOLDINGS PLC BY KES 5 B FROM KES 13 B TO KES 7 B
The Capital Markets Act, Chapter 485A of the laws of Kenya The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
The Board of Directors of Britam Holdings Plc (Company) hereby announces to the shareholders and the investing public that further to the registration of the Britam Holdings Plc (Britam) Employee Share Ownership Plan (ESOP) Unit Trust, as per the approval received from the Capital Markets Authority on 8th September 2017; on 30 March 2026, the board unanimously resolved to recommend to the shareholders to pass a special resolution at the next Annual General Meeting of the Company to increase the shares to be allocated to the Employee Share Ownership Plan from the current 2% to 5% of the authorized and issued share capital of the Company.
The proposed increment of the allocation to the ESOP is subject to:
(a) the approval by the Capital Markets Authority of the revised Trust Deed and Rules of the ESOP.
(b) a special resolution of the shareholders of the Company to approve the increase in allocation to the ESOP from the current two percent (2%) to five percent (5%) of the authorised and issued share capital of the Company.
The board confirms to the shareholders that:
(a) the proposed increment of the allocation to the ESOP would not result in an increase in the share capital of the Company or issue of additional shares in the Company.
(b) the acquisition of shares to be allotted to the ESOP shall be done on the open market through purchase of shares on the Nairobi Securities Exchange.
BY ORDER OF THE BOARD
BRITAM HOLDINGS PLC
Hilda Njeru
Company Secretary
30 March 2026
(INCORPORATED IN KENYA UNDER THE COMPANIES ACT, CHAPTER 486 OF THE LAWS OF KENYA) (COMPANY REGISTRATION NUMBER: C.5/2012)
