Centum will seek shareholder approval at an Annual General Meeting(AGM) this Tuesday 29th September 2026, for its proposed 55.7 million share buyback, equivalent to 10% of the issued share capital adjusted for treasury shares, through open-market purchases on the NSE.

The proposed buyback price range is KSh 15.10-KSh 15.51 per share, implying a maximum potential outlay of about KSh 864 million.

Centum is currently trading at about KSh 19.00 which is around 22.5% above the maximum buyback price of KSh 15.51, meaning the programme currently sits below the market and could effectively act more as a support level for the share price if the stock falls back toward the approved range.

The buyback is scheduled to open on September 30th and close by March 30th 2028 unless the 10% limit is reached earlier or the programme is terminated.

Repurchased shares will be held as dormant treasury shares, with the programme funded from KSh 21.98 billion in retained earnings.

If completed in full, shares available for trading could fall to 599.7 million, while Centum says the buyback is expected to improve net asset value per share without adversely affecting ordinary operations.

Analysts maintain that the immediate impact of the Centum Share Buyback is volatility as free float is being reduced. Share buybacks usually have a positive impact on share price and enhances investor trust.

If Centum actually executes a substantial portion of the buyback around KSh 15 and retires those shares, the reduction in shares outstanding can increase NAV per remaining share. Over time, that could strengthen the case for a higher valuation of the Centum shares that remain.

Centum AGM Main Agenda items

The Centum Investment Company Plc 59th AGM agenda include as Ordinary Business to consider and, if thought fit, pass the Consolidated Financial Statements, Directors’ and Auditors’ reports for the year ended 31 March 2026:
To receive, consider and adopt the Consolidated Financial Statements for the financial year ended 31 March 2026 together with the Directors’ and Auditors’ reports thereon.

To consider and, if thought fit, approve, in accordance with Article 118 of the Company’s Articles of Association, the Directors’ recommendation to declare an ordinary dividend of KSh0.42 per ordinary share and a special dividend of KSh 0.36 per ordinary share, for the financial year ended 31 March 2026.

Shareholders at the AGM will also approve, the re-election of Dr. Donald Kaberuka, a Director as well as William Byaruhanga, Ms. Norah Ratemo and Mrs. Mary Wamae.

The AGM will also approve the sale of a portion of Centum’s shareholding (60%) in Nabo Capital Limited, a wholly owned subsidiary, resulting in Nabo Capital Limited ceasing to be a subsidiary of the Company. Also be be ratified is sale of Centum’s 50% stake in Bakki Holdco Limited, resulting in Bakki Holdco Limited ceasing to be a subsidiary of the Centum, be ratified.