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[2008-06-16] Housing Finance extends rights payment The Housing Finance rights issue payment date has been extended.
Shareholders and investors who have taken up rights in Housing Finance have been given a one week extension to make payments for new shares.
This follows an extension granted by the industry regulator to allow trading of rights at the bourse up to Friday last week.
According to the new timetable, the last day of payments has been extended from June 20 to June 27. New investors keen to own a stake in the mortgage firm have so far snapped up over 24 million rights renounced by shareholders at the Nairobi Stock Exchange.
Decision
The Government has indicated that it will not participate in the Sh2.3 billion rights issue as part of its divestiture programme.
Housing Finance managing director Frank Ireri said the extension of the payment period will allow shareholders who had participated in the Safaricom IPO to make decision’s based on the refunds.
