Centum CEO James Mworia is now the fifth biggest Centum shareholder . This follows an acquisition of an additional 1.3 million Centum shares by the 39-year-old CEO.
Mr Mworia bought the extra stock worth Sh 57.2 million between January and June this year.
The Centum boss had acquired four million shares of the company in June last year. “I now hold 5.3 million shares, I have been buying the shares using my bonus payments,” Mr Mworia said in an interview with Kenya’s Business Daily.
He disclosed that he has spent a cumulative Sh315 million of his bonus payments over the years on buying the Nairobi Securities Exchange-listed firm’s stock.
The share purchases saw the Centum boss rise one place last year to rank fifth in Centum’s list of top shareholders after state-owned fund Industrial & Commercial Development Corporation (ICDC) and billionaire investors Chris Kirubi and John Kibunga Kimani.
Mr Kirubi is the single-largest shareholder of the company controlling a stake of nearly 30 per cent, with that of Mr Kibunga and Mr Mworia standing at 0.89 per cent and 0.8 per cent respectively.
Mr Mworia’s stake currently has a market value of Sh. 231.6 million based on the company’s share price of Sh. 43.25 on Tuesday, indicating that the Centum boss is underwater by about Sh. 83 million.
