This might have eluded us today. I never read the paper in the morning and so missed out. I have been wondering why CiC has been alot of marketing lately. From posters to newspapers, they have been having fantastic marketing. I now know why;
In today's papers, they have announced an EGM on September 17th to discuss among other issues:
1. Demerger of life and general business
2. Change of name and conversion
3. Increase of share capital..That the authorised share capital of the company be increased from KES 600M to KES 1000M divided into 50M shares of KES 20 each by creation of 20M ordinary shares of KES 20.
4. That the Board be hereby authorised to issue and allot the unissued share capital of the Company to the existing Class B shareholders and to new shareholders at such a price and such terms as they deem most beneficial to the Company.
Sorry I was not reading online, could have provided the link.
So pals, there you are for those of you who have been eyeing the share, here is the opportunity.
Any thoughts?