Here is an older post with more details and below is the NIC IPO Prospectus.
NIC is currently owned 60% by IGI through Corporate Holdings Limited (CHL), and 40% by the GoU. After the Offer for sale, the shareholding is expected to be 60% held by IGI and 40% held by the general public and institutional investors, both local and foreign.
The Offer for Sale of 40% or about 161,552,000 ordinary shares of NIC of UGX 5 each at UGX 45 per share.
Opening of the Offer 12:00 Noon 31 December 2009 and closes at 05:00pm on 05 February 2010
Announcement of Basis of Allotment Criteria will be on 09 March 2010
Dispatch of Share Certificates and refund cheques to the Authorized Selling Agents is on 18 March 2010
Commencement of trading of NIC shares on the USE 25 March 2010
The offer gives NIC a Market Capitalisation of UGX 7,269,840,000 at the offer price.
More details in the NIC IPO Prospectus.
Disclaimer: These are our personal views and you are strongly advised to seek professional advise before making any investment decisions. Riba Capital cannot be held liable or responsible for any action taken on the basis of this commentary. We take no responsibility for the accuracy of the data or commentary provided here, neither should it be used as the primary or sole source of information for financial or investment decisions.
{ 2 comments… read them below or add one }
IS THE OFFER TO THE PUBLIC STILL POSSIBLE? I MIXED UP AND FORGOT THE DEADLINE
Sorry, deadline has passed. Haven’t heard of any extensions.
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