Stanbic Bank Uganda IPO November 24th to December 22nd 2006

-
Stanbic Bank (U) Ltd opened the initial public offer (IPO) to sell 20% of its shares to the public on Friday 24th November 2006. The IPO will be close on December 22nd 2006 and shares are expected to begin trading on the Uganda Securities Exchange about January 25th 2007.

The IPO share price has been set at Shs 70 and the Bank hopes to raise Shs 70b from the IPO.

Stanbic Bank has been the most profitable bank in Uganda in the recent past. The bank has also successfully managed the integration of its business with the former Uganda Commercial Bank Ltd (UCBL) which it acquired during a re-privatization process.

To down load the IPO prospectus and application form please click here http://www.stanbicbankipo.com/downloads.html

If you need to talk to a broker then mail peterm@renaissance.co.ug or info@mbea.net

Comments

Post a Comment

It helps all of us if you indicate your email address when making a comment.
Thank you. Akamai Global

Popular posts from this blog

Uganda: gifted but not competitive

-
By James Abola The person or people who came up with the slogan "Uganda, gifted by nature" could not have come up with a better phrase. How else could you describe a country that has oil deposits, is home to a variety of animals and plants - some so rare that they can only be viewed from Uganda? Then there natural gifts like Uganda being the source of the River Nile, the wonderful climate that spans most of the country, the fertile soils and many other attributes. The renowned author and speaker, Brian Tracy says that humans are by nature lazy, greedy, ambitious, selfish, ignorant and vain. It is testament to human nature that despite the incredible gifts that nature has bestowed upon the country, many Ugandans continue in an existence of deprivation characterised by illiteracy, hunger, sickness and insecurity. Abundance of natural resources or sound macroeconomic policies and stable political and legal institutions are not sufficient for a nation to become prosperous. A nati...
Read more

Where are you thinking from?

-
Our daughter, who is three years and something, recently learned the expression “I can’t” much to the annoyance of her mum. So if she wants something she will come to her mum and say “mummy, I can’t see it” or when she is supposed to take off her dress she will go like “mummy I can’t remove it.” I have been reflecting on the “I can’t” mentality and realized that it is common even among people much older than my daughter. As a matter of fact I have also engaged in the “I can’t” thinking many times and to my detriment. This is what is sometimes described as thinking inside the box. It means you accept the status quo and do not accept that there are other view points or methods different to what you know or have experienced. A story is told of a Russian businessman who approached a Swiss banker for a loan. The Russian walked into the bank and asked for a US$ 100 loan and offered his luxury Mercedes car as collateral. Recognizing that the collateral is too good the bank manager quickly app...
Read more

You can help a child in Northern Uganda go to School

-
By Michael Mawa Unconditional Love – the way to go! It is with utmost reluctance and somewhat heaviness that I am, finally, at the bidding of my good friend James, writing this piece about our impressions on the practical consequences of the northern war. There are two reasons for my reluctance: First of all, while the debate rages on what has and has not been done, that debate is largely doing very little if any, in practically improving the day to day lives of these precious Ugandans who do not want to spend an extra day in such despicable conditions. Secondly, there’s simply a feeling of resignation especially with the older generation whom we strongly believe could do a lot in extending tangible support and thus alleviate some of the pain; most especially those who wear the name tag of practicing Christians. Instead they seem to either be completely insensitive, unbothered or just unwilling to respond appropriately to the plight of these people, and prefer to carry on with business...
Read more