HF Group has received regulatory clearance from the Capital Markets Authority (CMA) to issue and list 94,274,401 new ordinary shares under its Employee Share Ownership Plan (ESOP).
In a notice released on December 4, 2025, the Group confirmed that the CMA granted its approval on November 27, 2025. The newly issued shares will be allocated to the Trustees of the HF Group ESOP, who will hold and administer them on behalf of eligible employees.
HF Group said the issuance forms part of its revised employee reward and ownership framework, which seeks to align staff incentives with long-term company performance.
Shareholder Backing and Board Mandate
The move is anchored on a resolution passed by shareholders during the company’s Annual General Meeting held on May 28, 2025. At the meeting, shareholders approved amendments to the existing employee share scheme, transitioning from the 2008 framework to a new structure aligned with the Companies Act of 2015.
Shareholders also authorised the Board of Directors to allot the 94.2 million new ESOP shares at a par value of KSh 5 per share.
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The company noted that the distribution of the shares will be governed by the ESOP Trust Deed and Rules, which outline eligibility criteria, allocation terms and other employee-related conditions.
About HF Group
HF Group operates as a non-operating holding company regulated by the Central Bank of Kenya. It oversees subsidiaries involved in banking, property finance and investment services.
Originally established as a mortgage financier, the Group has evolved into a diversified financial services provider offering retail banking, digital financial products and asset-based lending. HF Group is listed on the Nairobi Securities Exchange and runs through an integrated structure serving both its banking and non-banking businesses.
