Regulatory Alerts2024-09-06
Joint Circular on Submission of Forward-Looking Event Calendars for Listed Companies
Listed companies must now submit forward-looking calendars detailing all planned corporate events and tentative dates to the Nairobi Securities Exchange and the Capital Markets Authority. Updates to these schedules are mandatory if circumstances change, and companies are encouraged to publish these calendars on their official websites. Deadlines for submission are September 16, 2024, for the remainder of the current year and January 10, 2025, for the subsequent year.
JOINT CIRCULAR ON SUBMISSION OF FORWARD-LOOKING EVENT CALENDARS FOR LISTED COMPANIES
As part of our ongoing commitment to enhancing transparency and improving communication between issuers and investors, the NSE and the CMA are jointly introducing this initiative designed to support market efficiency and bolster investor confidence.
All issuers are now required to develop and submit a forward-looking calendar of corporate announcements. This calendar should detail all upcoming corporate events, along with their tentative dates. The aim is to provide investors with a clearer view of forthcoming corporate actions, enabling them to make more informed decisions and contributing to greater market predictability and stability.
We recognize that circumstances may necessitate changes to these dates or event details. In such cases, companies are expected to promptly update the NSE and CMA with the revised information. This approach ensures that the market remains informed with the most current and up-to-date information.
Additionally, we strongly encourage companies to make this calendar publicly available through their websites and other communication channels as well.
As we move forward, all issuers should submit their calendars for the remainder of this year by September 16th, 2024, and the calendar for the year 2025 by January 10th, 2025.
Should you require any further information or clarification, please do not hesitate to contact us.
Mr. Daniel Warutere Director, Market Operations Capital Markets Authority Embankment Plaza, P. O. Box 74800-00200, NAIROBI
Mr. Titus Kiilu Chief Officer, Regulatory Affairs (SRO) Nairobi Securities Exchange The Exchange, 55 Westlands Road NAIROBI Tel: (020) 2831000
FCPA, WYCKLIFFE M. SHAMIAH CHIEF EXECUTIVE OFFICER
FRANK LLOYD MWITI CHIEF EXECUTIVE OFFICER