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Rea Vipingo takeover at 40/= per share
Pesa Nane
#151 Posted : Tuesday, April 21, 2015 1:14:30 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
target1360 wrote:
what is the process of taking up the offer.

what if i refuse to take up the brothers offer,can i remain a minority shareholder of rea vipingo ?

The shareholders of Access Kenya, CMC etc who never took up the offers tell us what happens after delisting.
Pesa Nane plans to be shilingi when he grows up.
AndyC
#152 Posted : Tuesday, April 21, 2015 2:37:41 PM
Rank: Member

Joined: 4/21/2015
Posts: 151
The forms and other information documents should be sent to you as a shareholder.

Am wondering why the shareholders get ksh 15 top up when the total of ksh 1,721,590,868 by 60M shares is about ksh 28 per share.
Realtreaty
#153 Posted : Tuesday, April 21, 2015 2:44:18 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
Pesa Nane wrote:
target1360 wrote:
what is the process of taking up the offer.

what if i refuse to take up the brothers offer,can i remain a minority shareholder of rea vipingo ?

The shareholders of Access Kenya, CMC etc who never took up the offers tell us what happens after delisting.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
You are just a small "Rivet" on the body of a Nairobi Matatu which can break and no one cares. Your stock and cheque are just held there and no growth. You understand what they mean by "Mandatory buyout". You just visit them with you ID and CDSC number and they immediately process your cheque and give it to you with all signatures. The earlier the better. Take your chums and chew them.smile smile Laughing out loudly Laughing out loudly Laughing out loudly
AndyC
#154 Posted : Tuesday, April 21, 2015 3:05:55 PM
Rank: Member

Joined: 4/21/2015
Posts: 151
Capital Gains Tax Implications
Consequently, REAT, having taken the advice of both its Legal Adviser and Sponsoring Broker, has taken the view that if at the time payment for the RVP shares are to be made to the RVP shareholders who have accepted the Offer, the appeal by KASIB (Petition No 22 of 2015 KASIB v KRA & another ) has not been heard and determined in substance by the Court of Appeal, or if no appeal is lodged by KASIB, or if the current laws governing CGT have not been amended, then REAT shall, in accordance with the law as it currently stands:

a) Pay individual RVP shareholders net of CGT as provided for in the Income Tax Act. The CGT due on account of these shares shall be calculated in accordance with the mechanism for determining the base cost set out in the Guidelines issued by the KRA in January 2015.

b) Pay corporate RVP shareholders gross of CGT, leaving them to account for CGT themselves, in accordance Income Tax Act.

Should the law change in the intervening period, that is, prior to the payment date for the Offer, scheduled for 17thJune 2015, all Agents shall be updated by the Sponsoring Stockbroker regarding any consequent change to the CGT treatment on the share transfers for the RVP shares.
VituVingiSana
#155 Posted : Tuesday, April 21, 2015 3:35:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Pesa Nane wrote:

DJ CK is smart. He has connections that will enable Centum to 'relocate' the squatters elsewhere... This is 'free' (except for some payments to the police, etc) land for Centum.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#156 Posted : Monday, July 06, 2015 10:13:11 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
REA Trading has paid the initial Ksh. 85 Per Share on 02 July 2015. Now awaiting the balance.
Though forced, Ksh. 20 to Ksh. 85+ is not bad business. No?
Pesa Nane plans to be shilingi when he grows up.
charming soul
#157 Posted : Monday, July 06, 2015 11:05:58 PM
Rank: Member

Joined: 12/2/2006
Posts: 42
Thought the buyout price was 70/- + 15/- totaling to 85/-
target1360
#158 Posted : Tuesday, July 07, 2015 7:37:45 AM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
the brothers agreed to retain the share holders who refused to sell their stake as minority sharaholders.
Am glad to be a minority shareholder at rvp for the rest of my life
I find satisfaction in owning great business,not trading them
theking
#159 Posted : Tuesday, July 07, 2015 9:49:39 AM
Rank: Member

Joined: 1/25/2010
Posts: 344
AndyC wrote:
Capital Gains Tax Implications
Consequently, REAT, having taken the advice of both its Legal Adviser and Sponsoring Broker, has taken the view that if at the time payment for the RVP shares are to be made to the RVP shareholders who have accepted the Offer, the appeal by KASIB (Petition No 22 of 2015 KASIB v KRA & another ) has not been heard and determined in substance by the Court of Appeal, or if no appeal is lodged by KASIB, or if the current laws governing CGT have not been amended, then REAT shall, in accordance with the law as it currently stands:

a) Pay individual RVP shareholders net of CGT as provided for in the Income Tax Act. The CGT due on account of these shares shall be calculated in accordance with the mechanism for determining the base cost set out in the Guidelines issued by the KRA in January 2015.

b) Pay corporate RVP shareholders gross of CGT, leaving them to account for CGT themselves, in accordance Income Tax Act.

Should the law change in the intervening period, that is, prior to the payment date for the Offer, scheduled for 17thJune 2015, all Agents shall be updated by the Sponsoring Stockbroker regarding any consequent change to the CGT treatment on the share transfers for the RVP shares.


how was this handled after scrapping of CGT?
Pesa Nane
#160 Posted : Tuesday, July 07, 2015 9:55:10 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
charming soul wrote:
Thought the buyout price was 70/- + 15/- totaling to 85/-

It was and that's why I say '85+' and 'balance'. Was also pleasantly surprised.
Pesa Nane plans to be shilingi when he grows up.
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