Uchumi Rights Issue Price

(Last Updated On: October 15, 2014)

uchumi

Uchumi Supermarkets is ready to go to the market to generate more funds. It set the rights issue price at ksh9 per share and plans to raise ksh896 million by offering 99,534,980 new shares to existing shareholders.

The rights issue price is a discount of 11.33 percent from the price of ksh10.15. Closing date is on October 22.