NIC Uganda IPO Share Allocation Results

NIC IPO is over subscribed by 31.97%.

Individuals applications for up to 2,000,000 shares to be allotted 100% of shares applied for that is 90,000,000 Uganda shillings worth of shares.

Institution applications for up to 808,000 shares to be allotted 100% of shares applied for that is 36,360,000 Uganda shillings.


Application details
2,415 total applications were received, 2,289 were from individuals and 57 from
corporations /institutions.
Allocation results have been released by the Privatization Unit
(PU) and priority has been given to individual investors.

Certificates to be ready for collection from your broker/dealer after 18th-03-2010.


Trading in NIC shares on the Uganda Securities Exchange will commence on the 25th March 2010.