New Vision worth rises to sh153b
Sep 10, 2008
NEW Vision’s total number of shares commenced trading on Tuesday at the Uganda Securities Exchange (USE) in which 1,000 shares exchanged hands at sh2,000 each.
By Vision Reporter
NEW Vision’s total number of shares commenced trading on Tuesday at the Uganda Securities Exchange (USE) in which 1,000 shares exchanged hands at sh2,000 each.
The trading saw the incorporation of the additional 25.5 million shares to the 51 million that have been trading at the bourse, bringing the total to 76.5 million shares.
This has pushed the company’s market capitalisation to sh153b from sh126.5b
David Sebabi, the acting board chairman, Gervase Ndyanabo, the company secretary and Zubair Musoke, the finance manager, rang the bell to kick-off post-rights trading.
New Vision rights trading on a special counter had closed at sh1,600 on August 7, while the regular counter was trading at sh2,480. The new price captures both the old and new shares.
Sebabi assured investors that the company would commence the expansion drive that would culminate into the purchase of a modern printing press, construction of a bigger capacity factory and an office block.
The company also plans to expand and consolidate its investment in electronic media.
“Post-rights trading kicks off our commitment to continue giving and delivering value to our investors,†said Sebabi.
NEW Vision’s total number of shares commenced trading on Tuesday at the Uganda Securities Exchange (USE) in which 1,000 shares exchanged hands at sh2,000 each.
The trading saw the incorporation of the additional 25.5 million shares to the 51 million that have been trading at the bourse, bringing the total to 76.5 million shares.
This has pushed the company’s market capitalisation to sh153b from sh126.5b
David Sebabi, the acting board chairman, Gervase Ndyanabo, the company secretary and Zubair Musoke, the finance manager, rang the bell to kick-off post-rights trading.
New Vision rights trading on a special counter had closed at sh1,600 on August 7, while the regular counter was trading at sh2,480. The new price captures both the old and new shares.
Sebabi assured investors that the company would commence the expansion drive that would culminate into the purchase of a modern printing press, construction of a bigger capacity factory and an office block.
The company also plans to expand and consolidate its investment in electronic media.
“Post-rights trading kicks off our commitment to continue giving and delivering value to our investors,†said Sebabi.