The Kenya Association of Stockbrokers and Investment Banks is an association that represents the interests of Kenyan stockbrokerage and investment banking companies. It was initially founded as the Association of Kenya Stockbrokers (AKS)
This is holding a sufficiently large number of shares in a company to enact changes (or control) in its policies. Ownership of 50% plus one of the equity shares in a company can give an individual or group the voting power to influence a company’s decision. If the shareholding is dispersed among people who do not bother to vote (usually small shareholders), controlling interest of the company can be achieved with shareholding of a lot less than 50%
Ordinary Shares
These are by far the most common types of share class. They are standard shares with no special rights or restrictions that give the shareholder part ownership of the company in proportion to the number of shares held. They also entitle him/her to dividends, the right to attend the company’s annual general meeting, the right to participate in the policy decisions of the company, the right to vote on issues affecting the company and the right to receive the annual report and audited accounts of the company.
Beneficial Owner
A beneficial owner is the true owner of a security who enjoys the benefits of ownership even though the title could be in another name.
Price Weighted Index
This is an index where each share affects the index in proportion to its price per share.
Unit Trust
This is a collective investment scheme that pools funds together from small investors by issuing units and is constituted under a trust deed. The funds are invested in a wide range of securities and are managed by a professional manager.
Investor Word
Controlling Interest
This is holding a sufficiently large number of shares in a company to enact changes (or control) in its policies. Ownership of 50% plus one of the equity shares in a company can give an individual or group the voting power to influence a company’s decision. If the shareholding is dispersed among people who do not bother to vote (usually small shareholders), controlling interest of the company can be achieved with shareholding of a lot less than 50%
Ordinary Shares
These are by far the most common types of share class. They are standard shares with no special rights or restrictions that give the shareholder part ownership of the company in proportion to the number of shares held. They also entitle him/her to dividends, the right to attend the company’s annual general meeting, the right to participate in the policy decisions of the company, the right to vote on issues affecting the company and the right to receive the annual report and audited accounts of the company.
Beneficial Owner
A beneficial owner is the true owner of a security who enjoys the benefits of ownership even though the title could be in another name.
Price Weighted Index
This is an index where each share affects the index in proportion to its price per share.
Unit Trust
This is a collective investment scheme that pools funds together from small investors by issuing units and is constituted under a trust deed. The funds are invested in a wide range of securities and are managed by a professional manager.