Empire board gives go ahead for IT firm to list in three months

June 30, 2015 News & Releases

BDJAMESMWORIAIT firm Empire Microsystems’ board has approved plans to list on the Nairobi Securities Exchange (NSE) this quarter.

The firm earlier disclosed plans to list on the Growth Enterprise Market Segment (Gems), but was non-committal on the timelines as it awaited the directors’ go-ahead.“The Gems listing has already been given the green light by the board, pending approval by the NSE,” said Empire chairman Julius Kipng’etich in a statement.

“The listing is part of Empire Microsystems expansion strategy aimed at aligning the company with the growth in the IT industry as well as the boom in the property and infrastructure space where we play a key link role between the two sectors and the end user.”

Empire mainly works with Internet service providers to connect homes to networks. The listing is meant to unlock value for shareholders and form a platform for future fundraising from the capital markets.

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