The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023
61. Minimum capital and free float requirement
61. Minimum capital and free float requirement
A proposal by a listed company to buy back its shares shall not reduce or contravene the minimum capital and free float requirement for continued listing of the company in the respective market segment under these Regulations and any other additional free float requirements that may be introduced by the Authority.Source: Kenya Law