Prospectus for Kenya Airways' Initial Public Offering
In conjunction with its offering of shares to the public, Kenya Airways
issued a Prospectus describing relevant facts about its business and the
offering. The Prospectus included information given in compliance
with the requirements of the Companies Act, the Capital Markets Authority,
and the Rules of the Nairobi Stock Exchange, where the stock offering was
listed. But the Prospectus went well beyond providing legally required
information. It was a sixty page document, organized into fourteen
parts, that provided a great deal of information in a clear and understandable
way. Over 90,000 copies of the Prospectus were distributed to the
public. The Prospectus helped build potential investors' confidence
that Kenya Airways would be run transparently and professionally.
Contents of the Prospectus for Kenya Airways
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Preliminary Material
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Timetable, Offer Statistics and Ownership Structure
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Terms & Definitions
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Summary Section
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Key Information
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Financial Information
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Directors of the Company
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Advisors and Officers
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History of Kenya Airways
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Government Policy on Privatisation
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Alliance with KLM Royal Dutch Airlines
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Kenya Airways' Business
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Other Activities
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Directors, Senior Management and Employees
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Airline Industry Environment
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Employee Share Ownership Plan, Preferred Applicants and Loan Facilities
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Accountants' Report
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Statutory & General Information
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Procedure for, and Terms and Conditions of, Application for Shares
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Directory of Co-sponsoring Stockbrokers and Agent Banks