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[2008-01-04] Uganda Clays Calls for Meeting
Uganda Clays will today hold an extra ordinary general meeting for its shareholders to discuss the long awaited rights issue announced last year.
In a brief release to the Uganda Stock Exchange authority, UCL said the meeting, to be held at the Grand Imperial Hotel starting at 10:00will address among other issues the amendments to the Articles of Association.
UCL hopes to raise additional capital from shareholders through the rights issue in which existing shareholders will have the privilege to buy more shares at a discounted price. The capital is expected to finance the company's new plant in eastern Uganda.
