dfcu share offer over-subscribed
Oct 10, 2004
THE offer of 79 million shares in dfcu Limited which have been on sale since on July 1 this year has been over-subscribed by over sh200m.
By Peter Kaujju
THE offer of 79 million shares in dfcu Limited which have been on sale since on July 1 this year has been over-subscribed by over sh200m.
Prof. Peter Kasenene, (right), the privatisation state minister, said the exercise, which closed on September 17, saw more public involvement.
“The initial public offer (IPO) of dfcu shares was very successful as the public seriously got involved in buying into the company. It was successful with over 3,700 subscribers made up of individuals, institutions and employees of the company. The offer was over-subscribed by over sh200m,†Kasenene told a press briefing in Kampala on Friday.
Ends
THE offer of 79 million shares in dfcu Limited which have been on sale since on July 1 this year has been over-subscribed by over sh200m.
Prof. Peter Kasenene, (right), the privatisation state minister, said the exercise, which closed on September 17, saw more public involvement.
“The initial public offer (IPO) of dfcu shares was very successful as the public seriously got involved in buying into the company. It was successful with over 3,700 subscribers made up of individuals, institutions and employees of the company. The offer was over-subscribed by over sh200m,†Kasenene told a press briefing in Kampala on Friday.
Ends