IPO Glossary

Kenya Pipeline Company KPC IPO features a comprehensive glossary of key terms for investors. This ensures clarity on the offer structure, eligibility, and processes outlined in the prospectus.

Key IPO Terms

CDS Account
Electronic account for shares deposit and custody with the Central Depository System.
CMA
Capital Markets Authority established by the Capital Markets Authority Act Cap 485A of the Laws of Kenya.
Company or KPC
Kenya Pipeline Company.
EAC
East African Community.
Employees
Any individual employed by, or seconded to, Kenya Pipeline Company and/or Kenya Petroleum Refineries Limited as of the date of this Information Memorandum.
IPO
Initial Public Offer.
Local Investor
In relation to an individual, means a natural person who is a citizen of an East African Partner State and in relation to a body corporate, means a company incorporated under the Companies Act of Kenya or such similar statute of an East African Partner State in which citizens of an East African Partner State or the Government of an East African Partner State have beneficial interest in one hundred per centum of its ordinary shares for the time being.
NSE
Nairobi Securities Exchange.
Offer Shares
Means 11,812,644,350 ordinary shares in the issued and paid up share capital of KPC.
OMCs
Oil Marketing Companies.
Qualified Institutional Investor
A body corporate including a financial institution, collective investment scheme, fund manager, dealer or other body corporate whose ordinary business includes the management or investment of funds whether as principal or on behalf of clients.

Application Terms

E-IPO
Electronic Initial Public Offer.
Foreign Investor
Any person who is not a local investor.
KYC
Know Your Customer - refers to the regulatory and operational process by which a regulated entity verifies and documents the identity of its customers and assesses their risk profile.
MIMS
Main Investment Market Segment.

Full glossary available in the Prospectus

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