The Capital Markets (Collective Investment Schemes) Regulations

134. Redemption or transfer

Edition: 2022-12-31 · In force

134. Redemption or transfer

At the option of the holder, the holder shall surrender the certificates to the trustee who shall upon receipt of the surrendered certificates either—

(a)transfer in a private transaction in accordance with the prescribed procedure for private transactions to the name of the holder, the number of shares of the listed company corresponding in value to the units represented in the surrendered share certificate and cause the holder's name to be registered as the owner of such shares in the register of listed company; or

(b)re-purchase the surrendered units.

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Source: Kenya Law