Milestone: First Day of Trading in Stanbic Bank Uganda Shares.

Reports indicate that the recently floated Stanbic Bank Uganda performed basically as expected on 25th January 2007, the first day of trading at the Uganda Securities Exchange (USE). The stock opened at Ushs 140 and closed at Ushs 205 (or Kshs 7.00) per share. That's not too far from three times the price at which it had been offered during the recent IPO, namely Ushs 70.00 (or Kshs 2.85). The likely future trend may be discerned when trading continues at the USE next week on Monday, Wednesday and Thursday.

In the meantime, you should visit your broker this coming week to pick your Stanbic certificate. If you had applied for more that 109,500 shares, a refund cheque is also waiting for you. CFC's Stockbroking Division in Nairobi is a case in point where certificates and cheques were already being released as of Friday 26th.

NSE: Listed Company Announcements, 2006

Announcements From 27th September 2006 to 28th December 2006:

1. KENGEN: Final Dividend of KShs 0.55 per ordinary share, announced on 27th September 2006. Closure of members’ register on 17th November 2006. Payment on 1st February 2007.

2. KENYA POWER AND LIGHTING: Final Dividend of KShs1.50 per ordinary share, announced on 29th September 2006. Closure of members’ register on 2nd November 2006. Payment date not yet announced.

3. ICDC Investments: Final Dividend of KShs 4.00 per ordinary share, announced on 19th October 2006. Closure of members’ register on 4th January 2007. Payment on 22nd January 2007.

4. ICDC Investments: Share Split in the ratio of 10 ordinary shares for each share held, announced on 19th October 2006. Closure of members’ register on 4th January 2007. Posting date: 19th January 2007.

5. STANDARD GROUP: Bonus Issue in the ratio of one ordinary share for every 8 held, announced on 31st October 2006. Closure of members’ register: date not yet announced. CMA approval still awaited.

6. BOC KENYA: Final Dividend of KShs 4.25 per ordinary share, announced on 2nd November 2006. Closure of members’ register on 19th January 2007. Payment on 9th February 2007.

7. CITY TRUST: Final Dividend of KShs 3.10 per ordinary share, announced on 6th November 2006. Closure of members’ register on 5th December 2006. Payment on 12th January 2007.

8. DIAMOND TRUST BANK KENYA: Rights Issue in the ratio of one new ordinary share for every 8 held, at KShs 50.00 per share, announced on 20th November 2006. Commencement of trading in rights at the NSE: 27th November 2006. Last date for renunciation of rights by way of private transfer: 4th December 2006. Last date for trading in rights: 7th December 2006. Last date for acceptance and payment for the new shares: 19th December 2006. Announcement of Rights Issue results, update of members’ register and electronic crediting of CDS accounts with the new shares: 27th December 2006. Commencement of trading of the newly issued shares at the NSE: 29th December 2006. Printing of share certificates and notification of CDS account holders of acceptance/allotment: 3rd January 2007. Dispatch of share certificates for the new shares, where there are no CDS accounts, and printing of refund cheques: 4th January 2007. Dispatch of refund cheques, where applicable: 10th January 2007.

9. MUMIAS SUGAR: Offer for sale of 91,999,220 existing ordinary shares of par value Kshs 2.00 each held by the Government of Kenya at KShs 49.50 per share, announced on around 20th November 2006.Opening date of offer: Monday, 4th December 2006. Closing date of offer: Monday, 18th December 2006. This was subsequently extended by a week. Announcement date: Friday, 19th January 2007. Refund processing, electronic crediting of CDS accounts, dispatch of share certificates where there are no CDS accounts: beginning Friday, 19th January 2007. Commencement of trading of Offer Shares at the NSE: 10.00 a.m. on Tuesday, 30th January 2007.

10. SASINI TEA & COFFEE: Bonus Issue in the ratio of one ordinary share for every 5 held, announced on 18th December 2006. Closure of members’ register on 14th February 2007. Posting date not yet announced.

11. SASINI TEA & COFFEE: Share Split in the ratio of 5 ordinary shares for every 1 held, announced on 18th December 2006. Closure of members’ register on 14th February 2007. Posting date not yet announced.

12. EVEREADY EAST AFRICA: Final Dividend of KShs 0.60 per ordinary share, announced on 21st December 2006. Closure of members’ register on 11th February 2007. Payment on 30th March 2007.

13. NATION MEDIA GROUP: Special Interim Dividend of KShs 5.00 per ordinary share, which is equivalent to the par value of one ordinary share, announced on 28th December 2006. Closure of members’ register 5th January 2007. Payment on 31st January 2007.