REPUBIC OF KENYA IN THE HIGH COURT OF KENYA AT NAIROBI MILIMANI COMMERCIAL & TAX DIVISION MISC. APPLICATION NO. E91 OF 2018 IN THE MATTER OF EABL INTERNATIONAL LIMITED AND IN THE MATTER OF THE COMPANIES ACT, NO. 17 OF 2015 AND IN THE MATTER OF AN APPLICATION FOR CONFIRMATION OF REDUCTION OF THE CAPITAL OF EABL INTERNATIONAL LIMITED JUDGMENT 1. Before me is an Originating Motion dated 2nd October 2018. It is brought by EABL International Limited (The Company). The Company seeks approval, of this court, of a special resolution passed by shareholders on 24th September 2018 of the company, by which the company resolved to reduce its share capital. 2. Prior to the hearing of the Originating Motion the court granted leave to the company to issue notice of the filing of this motion, by way of publication in a newspaper with nationwide circulation. That publication was made on the Nation Newspaper of 12th October 2018. 3. Since no objection has so far been raised to that reduction this court shall allow the reduction of the share capital as follows: Issued capital share Current Amount Amount proposed to be cancelled and Amount after reduction of extinguished capital Ksh.70,032,220 Ksh.70,022,220 Ksh.10,000 Share premium Ksh.2,335,350,000 Ksh.2,335,350,000 Nil Total Ksh.2,405,382,22 Ksh.2,405,372,220 0 Ksh.10,000 4. There shall be no orders as to costs to the motion. Orders accordingly. DATED, SIGNED and DELIVERED at NAIROBI this 29th day of November, 2018. MARY KASANGO
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JUDGE Judgment read and delivered in open court in the presence of: Court Assistant....................Sophie ........................................... for Applicant MARY KASANGO JUDGE
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