@gesowan. Can u then be honest to us that u started this thread on wishes/rumours not facts? If I got the rts at .55, I'll pay commission on .55 and not .55+19.50. If u get the extra rts well and good for u. I do't think there is a loser in either case. Lets wait for the results and avoid speculation.

@jerry
hi to be sincere this is what i was told as a matter of fact may i quote Dyer & Blair Investment Bank executive chairman Jimnah Mbaru said "the level of subscription for the Kenya Power and Lighting Company’s rights was not clear on Friday, but hinted that the offer could have been slightly under-subscribed".

@gesowan. I see ur point. However, SLIGHT-under doesn't mean will make all of us winners in our different strategies. The idea was to get the shares in whichever strategy one deemed fit. Also no refund is the best scenario we can have.

Innovator, you are correct in the narrations. I doubt if we will having massive undersubsciption in KPLC rights. We might are unlikely to get undersubscritpion below 85% given that a reasonable chunk of the government rights were bought during the last days. The remaining should be allocated to people who applied for extra rights. The underwiters will not spend much money.

The rights involved 488M shares of which the GoK owned about 70%(341M). The GoK was able to trade about 160M of this rights (roughly about 47%). Assuing that the traded rights will all be paid up for, then the GoK quota is fully subscribed for as the other 50% had been underwritten by Centum and Equity bank.
That leaves the other 147M shares (the other 30% of the rights).I anticipate at least 120-130M of these shares will be fully subscribed for.

I anticipate less than 25M shares will be unsubscribed for thus a subscription rate of about 95% (5% undersubscription).

The higher the quantity of shares underwritten by the 2 underwritters the better for the sake of KPLC share stability.

Happy hunting.