Airtel Uganda sweetens IPO with free shares offer
Airtel Uganda will offer free shares to investors participating in its Sh31.3 billion initial public offer (IPO) which opened on Wednesday, in an effort to spur uptake of the shares.
1M | 3M | YTD | 1Y | 2Y |
-0.21% | +17.89% | +20.54% | +2.27% | -14.39% |
Value Traded (UGX) 3,698,070 |
Volume 21,780 |
Transactions - |
Market Cap. (Bln UGX) 19,975.82 |
Airtel Uganda will offer free shares to investors participating in its Sh31.3 billion initial public offer (IPO) which opened on Wednesday, in an effort to spur uptake of the shares.
Airtel Uganda will list 8 billion or 20 per cent ordinary shares on Uganda Security Exchange (USE) secondary market through a public offer before the regulatory deadline of December 16.
Shareholders of Uganda Clays Ltd (USE:UCL) will get half a shilling for every share they hold, as a return on their investment for the year ended December 2022.
Investor education and protection, sustainable financing and product diversification in the equity market are among the key issues that emerged during the events to mark the World Investor Week organized by the Uganda Securities Exchange together with other partners from Oct.3 – 9.