ADNL: We Are A Properly Registered Company
The company has released a letter from the registrar of companies confirming that it is formally registered and that it is jointly owned by Royal Media Services, Standard Group and the Nation Media Group.
ADN Limited was registered on August 6th, 2014 as per form CR12 of the Companies Act.
According to the records at the registrar of companies office, the company has a nominal capital of Ksh 100,000 divided into 1,000 shares.
Sam Shollei, chairman of the Standard Group and his counterpart of the Royal Media Services Dr. Samuel Kamau Macharia are listed as the directors of ADNL but do not individually own shares.
The consortium’s offices as indicated on the official documents is situated at the Nation Centre, off Kimathi Street.
ADN VS ADNL
On Wednesday a section of the media reported that “African Digital Network is not owned by the Nation Media Group, Standard Media and Royal Media, despite their pushing the government for ADN to be granted a digital platform licence.”
The report further stated that the Registrar of companies stated that the owners of ADN were Timothy Charo Odhiambo and John Macharia Maina, who each held 500 shares in the company.
However, the media reports referred to a different company African Digital Network (ADN), whose name is close to that of the Africa Digital Network Limited (ADNL).
For Citizen TV updates
Join @citizentvke Telegram channel
Video Of The Day: | BULLDOZERS FOR SANITIZERS | Families remain in the cold after evictions from Kariobangi sewage estate