Kenya's ICDCI (Industrial and Commercial Development Corporation Investments) recently issued a share split in the ratio of 10 new ordinary shares for each ordinary share held. The additional shares have now been posted in shareholders' CDS accounts. The issuance of share certificates to those without CDS accounts will certainly take a while longer.
A 10:1 share split means that the number of shares that one holds is multiplied by the number of times the share is split. So, if a shareholder had 1 share, now he/she has 10. This is different from a bonus situation. In a 10:1 bonus, a shareholder with 1 share would end up with 11.
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