I. Invitation for subscription of shares
Potential shareholders can obtain a copy of the prospectus, a brochure, share subscription form and any other relevant documents from the head office or authorized sales representatives. Those residing outside of Ethiopia or far from the head office can browse from our website.
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Number of shares registered and offered to the public 1,000,000 /one million/
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Par value of each share Birr 1,000 /one thousand/
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Selling price of each share Birr 1,000/one thousand/
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Minimum number of shares to buy for Ethiopians 5 /five/shares
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Minimum amount of investment for foreigners in groups or individually $60,000 /Sixty thousand/
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The maximum investment amount 240,000 shares /Birr 240 million/
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Service charge Birr 60 /sixty/ per share or 6%
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Starting date of selling shares July 8, 2009
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Final date of selling shares To be decided by the board in the future
II. Subscription Procedures
Step 1: Contact authorized sales personnel from the head office or legal sales representatives.
Step 2: Obtain the necessary information, read company brochure carefully.
Step 3: Obtain share subscription application form and read it carefully before completing it.
Step 4: Deposit the money through one of the banks mentioned on the brochure, share subscription application form, or in this prospectus by identifying the blocked account and current account.
Step 5: Complete the share subscription application form properly.
Step 6: Retain a copy of the bank deposit slips and share subscription application form and submit the original deposit slips and the completed and duly signed and stamped share subscription application form to our office or authorized representatives.
Subscribers can make payments in either of the following options:
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Pay the full amount of subscribed shares value and 6% /six percent/ service charge at the time of signing the share sales agreement.
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Pay 40% of the subscribed shares value as the first payment and 6% /six percent/ service charge for the total value of shares at the time of signing the share sales agreement.
Pay 30% of the subscribed shares value as the second payment within six months from the date share sales has been stared.
Pay 30% of the subscribed shares value as the final payment within twelve months from the date share sales has been stared.