As a follow up to the AGM resolutions of 21st Feb 2015, approvals by SASRA (SACCO Societies Regulatory Authority) and CMS (Capital Markets Authority) respectively, we hereby circulate the shares drive memorandum of information for your review. Make up your mind and take up the shares available as soon as possible.
As stated, members are invited to invest in SACCO shares that shall be applied to multiple purposes including developing an office complex for SACCO use and rental. Definitely the dividend can only go up with this additional source of revenue. Seize this golden investment opportunity; commit by filling shares drive form and make contributions by Rebates, Cash Deposit, Bank or Lipa na M-PESA.
KEY FEATURES OF THE SHARES OFFER
|Offer price||Shs 100|
|Minimum Number. of shares||At least 500 per year|
|Maximum Number. of shares||1/5th of the total shares|
|Targeted amount to be raised||Shs. 1billion|
|Share drive period||2 years|
|Guaranteed return on investment||12% pa|
|Guaranteed period||2 years|
|Dividend payment policy||Constant rate for 2 years|