A share is a unit of ownership and for listed company; anybody interest can buy the shares at the stock market at the prevailing market forces. A right is a way through which a company wants to raise capital using its existing shareholders. At the time of allotment, only the existing shareholders who are in the register at record date can qualify to get allotment.
This is an offer to the existing shareholders to subscribe for new issue, usually at a preferential price in proportion to their existing shareholding. For Olympia the rights are 3 new shares for every 1 held at a price of Kshs. 14.00 which represents 31% discount.
What amounts can an investor buy in the Rights Issue?Olympia Capital2023-04-27T17:15:53+03:00
The Provisional Allotment letters have indicated allotted shares that one needs to pay for. However, you can apply for additional rights of just buy the rights that will be trading at the Nairobi Stock Exchange within the trading for the period 3rd to 14th September, 2007.
How is the OCHL Group structure organized?Olympia Capital2023-04-27T17:14:41+03:00
Olympia Capital Holdings Limited, formerly Dunlop Kenya Limited (DKL) was initially established as a branch office of Dunlop UK in Kenya in 1968 then a British multinational to carry out the business of manufacture of vinyl floor tiles, adhesives and sports equipment. In 1970, the company was formally registered in Kenya and got listed at the Nairobi Stock Exchange in 1976.
What is the importance of this Rights issue to the Shareholder?Olympia Capital2023-04-27T17:19:10+03:00
The rights issue is suppose to give the existing shareholders a chance to maintain their shareholding in the company as the company tries to attract more investment. Because the existing shareholders have preemptive right and a preferential discounted price, it is necessary for a shareholder to participate, otherwise failure to take the right subject the investor to dilution of his / her shareholding stake.
What is the minimum number of Rights that one can buy?Olympia Capital2023-04-27T17:20:00+03:00
The NSE is the Nairobi Stock Exchange which is a market like any other market. It is a specific form of a capital market where stocks and bonds are bought and sold unlike other markets where we trade clothes, tomatoes etc.
What does Olympia Capital Holdings do to make money?Olympia Capital2023-04-27T17:21:18+03:00
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