National
Umeme shares suspension liftedPublish Date: May 14, 2014
Umeme shares suspension lifted
  • mail
  • img
newvision

By Vision Reporter

 The Uganda Securities Exchange Wednesday lifted the suspension of trading of Umeme shares on the bourse after the company confirmed the negotiations with new shareholders were complete.


Umeme Chairman Patrick Bitature who rang the bell to signal commencement of trading said: “The  transaction which will be completed on Monday May 19 has attracted one of the largest investor in Africa...we are excited Umeme has been able to attract so much interest and we are excited big institutional investors are looking at Uganda as an attractive destination to do business in...”

Managing director, Charles Chapman, expressed his gratitude to the Uganda Securities Exchange and Capital Markets Authority for supporting Umeme during this transaction.

He said: “The support we have got from USE, CMA and our lead transaction advisor Stanbic Bank has been instrumental in enabling Umeme to attract new investors who will give us access to financing that will fund the next phase of our CAPEX program.”

The new shareholder list will be unveiled on Monday May 19, 2014 when the transaction is signed off.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Judiciary commended for fight against corruption
THE Anti-corruption Court mid this month convicted Kashaka to 10 years and 10 days in imprisonment for causing a sh4b financial loss to government...
Prove you
A top Muslim cleric has challenged Uganda’s political leaders to prove that they are better than Idi Amin - Uganda’s former President who was ousted in 1979...
Farmers collect signatures to have agric taxes dropped
Over 100 farmers have launched a a campaign to collect 1 million signatures to petition the Speaker of Parliament to news taxes imposed on agricultural inputs...
Bunyoro to set up sports academy, leadership institute
Bunyoro Kitara Kingdom and churches plan to set up a transformational leadership institute and a sports academy...
Ugandan elected to head Lions Club International
A Ugandan has been installed as District Governor for Lions Club International to represent the country and Tanzania....
Uganda pilgrims return from Israel
A group of 19 Ugandans which left for the biblical promised land, Canan for a holy tour has returned. The group comprising of Christians and Muslims left for Israel on July 13....
Should voters be given poer to recall their MPs?
Yes
No
Can't Say
follow us
subscribe to our news letter