Ask Suntra, they have been doing a lot of OTC trades. You may also ask African Alliance

@2010: You will not be able to transact before the rights issue. The share registrars (Coop Bank) are not effecting any transfers starting this week.

@PKoli: Agree with you and I hope the Coop Bank guys (I understand the company secretary is one of them) will inject some professionalism in that Board. Hopefully Kuria can steer this process unabated!

Today's advert by CIC does not give any full details. It is not saying how long the rights will take, when the registers will close and whether only current shareholders of CIC will be offered the shares.

A very small advert entitled ' Notice to shareholders; closure of register'

..The Board wishes to announce:

.The closure of of the register of Members for a period of 30 days from 28th October to 26th November 2010.
. The company will conduct a Rights issue of shares to the shareholders of the company.

..That provisional alllotment letters will be send to shareholders through their respective addresses.
...Duly completed provisional allotment letters together with payment should be returned to the nearest Coop bank branch or CIC branch.

In the extra ordinary general meeting they talked about selling the shares to other sacco members who are not current shareholders.

They have not indicated that the rights will run for a period of 30 days. They have only said that the register will be closed for that period.