Longhorn Publishers PLC is a Pan-African publishing house that is publicly listed in the Nairobi Securities Exchange. The company has grown its dominance in the publishing sector by establishing its presence throughout the region.
In the East African region, the company has fully incorporated subsidiaries in Uganda, Tanzania, Rwanda, and Zambia. Through distributor agreements, the company has been able to expand its operations across the African continent to include Malawi, Zambia, South Sudan, and Senegal.
HistoryEdit
Longhorn Publishers Plc operations commenced in Kenya in May 1965 as Longmans of Kenya a wholly owned subsidiary of Longman Group International of the United Kingdom. Its main business was selling and promotion of Longman publications published in the UK. In December 1969, the company changed the name to Longman Kenya Limited. It was only until the 1970s when the company began printing locally. A government decision in the early 1990s led to the ban of importation of textbooks. This initiative led to reduced margins thus led to Longman gradually reducing its shareholding in the business due to unattractive returns. In 1993, Longman UK fully divested from the company when it sold its remaining 40% shareholding to Kenyan investors including Centum Investment Company. As a result of this divestiture, the company changed its name to Longhorn Kenya Limited.[1]
In October 1995, Longhorn incorporated Longhorn Publishers Uganda as its first foreign subsidiary in Uganda. It later incorporated Longhorn Publishers Tanzania Limited in May 2005. As a sales and promotions outfit for products developed by Longhorn Kenya. Longhorn entered the Rwanda and Malawi markets in 2009 through agents.[1]
Longhorn shares were listed on the NSE on 30 May 2012 through Introduction.[2] This made it the only first publishing firm to go public in an industry valued at KES 12 billion in Kenya alone.[3]
In March 2015, The group announced its intention to re-brand Longhorn Kenya to Longhorn Publishers to give it a regional look before proceeding to cross-list its share on the Dar es Salaam, Uganda and the Rwanda Stock Exchanges.[4]
Subsidiaries and InvestmentsEdit
The companies that comprise Longhorn include the following:[5]
Longhorn Publishers Plc – Nairobi, Kenya - 100% Shareholding - The flagship company of the group. Offering Publishing, sales and promotions.
Longhorn Publishers Uganda – Kampala, Uganda - 100% Shareholding - Offering sales and promotions in Uganda.
Longhorn Publishers Tanzania - Dar es Salaam, Tanzania - 100% Shareholding - Offering sales and promotions in Tanzania.
OwnershipEdit
The shares of Longhorn Publishers Plc are traded on the Nairobi Securities Exchange, under the symbol: LKL. The shareholding in the company's stock as at June 30, 2016 was as depicted in the table below:[6]
^ ab. Archived from the original on 27 May 2014. Retrieved 27 May 2014.
^"Publisher Longhorn Kenya Jumps on Listing Debut: Nairobi Mover". Bloomberg.com. Retrieved 22 August 2017.
^"Longhorn sets June listing date as CMA approves application". Business Daily. Retrieved 22 August 2017.
^Gachiri, John (18 March 2015). "Longhorn to cross-list in East Africa". Business Daily. Nation Media Group. Retrieved 19 March 2015.
^(PDF). Archived from the original (PDF) on 24 August 2014. Retrieved 27 May 2014.
^(PDF). Longhorn Kenya. 30 June 2016. Archived from the original (PDF) on 18 October 2016. Retrieved 17 October 2016.
^(PDF). Longhorn Publishers Plc. 30 June 2014. Archived from the original (PDF) on 20 December 2014. Retrieved 19 December 2014.
External linksEdit
Longhorn Home Page
Rich Management
August 29, 2023
longhorn, kenya, limited, longhorn, publishers, plctypepublic, companykn, lklindustrypublishingfounded1965headquartersfunzi, road, industrial, area, nairobi, kenyakey, peoplemaxwell, wahome, group, managing, director, francis, thombe, nyammo, group, chairmanwe. Longhorn Publishers PLCTypePublic companyKN LKLIndustryPublishingFounded1965HeadquartersFunzi Road Industrial Area Nairobi KenyaKey peopleMaxwell Wahome Group Managing Director Francis Thombe Nyammo Group ChairmanWebsiteHomepageContents 1 Overview 2 History 3 Subsidiaries and Investments 4 Ownership 5 Governance 6 See also 7 References 8 External linksOverview EditLonghorn Publishers PLC is a Pan African publishing house that is publicly listed in the Nairobi Securities Exchange The company has grown its dominance in the publishing sector by establishing its presence throughout the region In the East African region the company has fully incorporated subsidiaries in Uganda Tanzania Rwanda and Zambia Through distributor agreements the company has been able to expand its operations across the African continent to include Malawi Zambia South Sudan and Senegal History EditLonghorn Publishers Plc operations commenced in Kenya in May 1965 as Longmans of Kenya a wholly owned subsidiary of Longman Group International of the United Kingdom Its main business was selling and promotion of Longman publications published in the UK In December 1969 the company changed the name to Longman Kenya Limited It was only until the 1970s when the company began printing locally A government decision in the early 1990s led to the ban of importation of textbooks This initiative led to reduced margins thus led to Longman gradually reducing its shareholding in the business due to unattractive returns In 1993 Longman UK fully divested from the company when it sold its remaining 40 shareholding to Kenyan investors including Centum Investment Company As a result of this divestiture the company changed its name to Longhorn Kenya Limited 1 In October 1995 Longhorn incorporated Longhorn Publishers Uganda as its first foreign subsidiary in Uganda It later incorporated Longhorn Publishers Tanzania Limited in May 2005 As a sales and promotions outfit for products developed by Longhorn Kenya Longhorn entered the Rwanda and Malawi markets in 2009 through agents 1 Longhorn shares were listed on the NSE on 30 May 2012 through Introduction 2 This made it the only first publishing firm to go public in an industry valued at KES 12 billion in Kenya alone 3 In March 2015 The group announced its intention to re brand Longhorn Kenya to Longhorn Publishers to give it a regional look before proceeding to cross list its share on the Dar es Salaam Uganda and the Rwanda Stock Exchanges 4 Subsidiaries and Investments EditThe companies that comprise Longhorn include the following 5 Longhorn Publishers Plc Nairobi Kenya 100 Shareholding The flagship company of the group Offering Publishing sales and promotions Longhorn Publishers Uganda Kampala Uganda 100 Shareholding Offering sales and promotions in Uganda Longhorn Publishers Tanzania Dar es Salaam Tanzania 100 Shareholding Offering sales and promotions in Tanzania Ownership EditThe shares of Longhorn Publishers Plc are traded on the Nairobi Securities Exchange under the symbol LKL The shareholding in the company s stock as at June 30 2016 was as depicted in the table below 6 Longhorn Kenya Limited Rank Name of Owner Percentage Ownership1 Centum Investment 60 202 Pacific Futures and Options Limited 12 853 Francis Thombe Nyammo 5 884 Halifax Capital Corporation Limited 4 495 Kamami Investments Limited 1 146 Text Book Centre Limited 1 057 Other 14 39Total 100 0Governance EditThe running is overseen by a nine person board with Francis Thombe Nyammo as the group chairman and Maxwell Wahome as the group managing director 7 See also EditCentum Investment Nairobi Securities Exchange Economy of Kenya LongmanReferences Edit a b Longhorn Kenya Limited About Us Archived from the original on 27 May 2014 Retrieved 27 May 2014 Publisher Longhorn Kenya Jumps on Listing Debut Nairobi Mover Bloomberg com Retrieved 22 August 2017 Longhorn sets June listing date as CMA approves application Business Daily Retrieved 22 August 2017 Gachiri John 18 March 2015 Longhorn to cross list in East Africa Business Daily Nation Media Group Retrieved 19 March 2015 Longhorn Kenya Limited 2013 Annual Report Page 60 PDF Archived from the original PDF on 24 August 2014 Retrieved 27 May 2014 Longhorn Kenya 2016 Annual Report PDF Longhorn Kenya 30 June 2016 Archived from the original PDF on 18 October 2016 Retrieved 17 October 2016 Longhorn Publishers Plc 2014 Annual Report PDF Longhorn Publishers Plc 30 June 2014 Archived from the original PDF on 20 December 2014 Retrieved 19 December 2014 External links EditLonghorn Home Page Rich Management Retrieved from https en wikipedia org w index php title Longhorn Kenya Limited amp oldid 1153160815, wikipedia, wiki, book, books, library,
