Code of Ethics
A prospectus is a formal document offering to sell shares to the public that gives all relevant details of the company (or mutual fund) that an investor needs to know to make an investment decision..
This is a corporate action in which a company’s existing shares are divided into multiple shares whereby each shareholder receives more shares in direct proportion to the amount of shares they own on the record date. Stock splits normally happen when the price of a share is so high that many investors can not afford to buy it. Example; in a 10 for 1 split, each shareholder receives an additional 9 shares for each share he holds..
The declaration date is also known as the announcement date. It is the date on which the next dividend payment is announced by the board of directors of a listed company..
These are the owners of a company sharing in its risks, profits and loss. They are paid a share of the company’s profits in proportion to their shareholding after all other claims have been met. In the event of the liquidation of a company they share whatever is left of the company after all its creditors have been paid. Only equity shareholders are allowed to vote in the company’s meetings..
A Stock Exchange is the physical location where the stock market in a country is traded or the electronic platform used to effect such trade. In Kenya, the Nairobi Securities Exchange is currently the only licensed exchange..