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Investment firm TransCentury (NSE:TCL) plans to make its shares available for trading on the over-the-counter (OTC) market within a month after delisting from the Nairobi Securities Exchange (NSE).

The company says this will help it achieve the twin objectives of raising new capital as an unregulated entity and allowing small investors to buy and sell its shares.

“The OTC platform will be set up immediately on delisting and in any case available for trading within four weeks of delisting,” TransCentury says in a circular to shareholders.

The OTC market has higher trading fees, reduced liquidity and less transparency compared to the NSE.

Traders buying or selling shares on the NSE are charged a total of 2.1 percent of the value of each transaction including brokerage fees to stock brokers and the bourse operator.

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