Tuesday, June 24, 2008

New Vision Rights Issue

Elligible participants: all on register at 26th June 2008
Share begin trading on 8th Sept


25,500,000 shares at 1,100
1 new share for every 2 held

current share price 2510.

Should be a good deal for holders ...

For a discussion about rights issues please see wikipedia or nairobist

UPDATE: 29.1 Billion raised. Government opted out of rights issue reducing its holding from 80% to 53%.

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