Farmers own very few shares. They sold them over 10 years ago to village brokers at 2 bob who would in turn sell them at the NSE.Where did you get information on the rights pricing?

Estate; if they released 3 shares and want to raise 4b shillings then 4 devide by 3.

procrastinating

If they offer at Ksh 1.5, they can only raise half the money required. They are creating 1.5 m new shares 100% more than current. This means they will propose the rights at 1:1. assume the shares are sold at Ksh 2, they are likely to raise Ksh 3b inclusive of costs. My take is, this is unlikely to succeed in meeting the objective.