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Christopher Kirubi buying additional Centum shares
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mwekez@ji
#1 Posted : Thursday, September 19, 2013 2:43:28 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B)
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Realtreaty
#2 Posted : Thursday, September 19, 2013 2:50:14 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
Laughing out loudly Laughing out loudly Laughing out loudly If you have the monies, use them to look for more. The dude is an equal employer in Kenya.
mwekez@ji wrote:
Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B)
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muganda
#3 Posted : Thursday, September 19, 2013 3:14:16 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Hmmn I'd have loved to quote a profound investor on buy signals and all; almost equatable to a red light...

Shareholding Analysis 2013:
2) Christopher John Kirubi __122m__ shares, 18.36%
3) Kiruma International Ltd __32m__ shares, 4.82%
4) CFC Stanbic Nominees Ltd A/C R 48701 and 48703 __36m__shares 5.52%
8) International House Ltd __5.3m__ shares 0.81%

Is this just a clean-up exercise with a flashing siren to boot?
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  | | Edit by user: Thursday, September 19, 2013 3:53 PM | Reason: two more lines
King G
#4 Posted : Thursday, September 19, 2013 3:22:42 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
What has he seen this time round?

Anyway money chases money....
Thieves
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Chaka
#5 Posted : Thursday, September 19, 2013 3:29:08 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
muganda wrote:
Hmmn I'd have loved to quote a profound investor on buy signals and all; almost equatable to a red light...

Shareholding Analysis 2013:
2) Christopher John Kirubi __122m__ shares, 18.36%
3) Kiruma International Ltd __32m__ shares, 4.82%

Is this just a clean-up exercise with a flashing siren to boot?



I was wondering whre the willing sellers will come from.The above explains it.Who is Kiruma?

I also read in an Ad that he will not make a take over bid...What about in the near future?
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muganda
#6 Posted : Thursday, September 19, 2013 3:48:28 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Sorry @Chaka, I was just about to add two more lines.

Shareholding Analysis 2013:
2) Christopher John Kirubi __122m__ shares, 18.36%
3) Kiruma International Ltd __32m__ shares, 4.82%
4) CFC Stanbic Nominees Ltd A/C R 48701 and 48703 __36m__shares 5.52%
8) International House Ltd __5.3m__ shares 0.81%


Kirubi already has an interest in all these top shareholder accounts. Which surprising add up to 29.51%

What would be the other reason of announcing if it would just raise the price you'll pay? Even Carl Icanh's multibillion dollar tweet spoke of purchase of AAPL shares after the fact, not before! http://finance.yahoo.com/blogs/...ple-stock-205938760.html.
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  | | Edit by user: Thursday, September 19, 2013 3:54 PM | Reason: Not specified
kizee1
#7 Posted : Thursday, September 19, 2013 3:49:49 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
cant get any info anywhere on this

im calling fake on this story, post a link or otherwise to verify
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Chaka
#8 Posted : Thursday, September 19, 2013 3:54:19 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
kizee1 wrote:
cant get any info anywhere on this

im calling fake on this story, post a link or otherwise to verify


@kizee1,
The gentleman has put a small Ad in today's DN
I don't have the paper nearby so cannot point you the page..
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kizee1
#9 Posted : Thursday, September 19, 2013 3:57:04 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Chaka wrote:
kizee1 wrote:
cant get any info anywhere on this

im calling fake on this story, post a link or otherwise to verify


@kizee1,
The gentleman has put a small Ad in today's DN
I don't have the paper nearby so cannot point you the page..



thanks chaka

apols for calling you out falsely OP

nation page 40,very small indeed!
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  | | Edit by user: Thursday, September 19, 2013 4:00 PM | Reason: Not specified
sparkly
#10 Posted : Thursday, September 19, 2013 10:05:52 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwekez@ji wrote:
Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B)


Does he know something we don't know? Hint: planning for capital gains tax.
Life is short. Live passionately.
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