They split one share into five shares, effectively reducing the unit price. That will auger well with wanjiku

Does anyone have a link to a copy of the IM?

Longhorn Kenya CEO to retire year-end after publishing firm listing

However, she will still have financial links tethered to Longhorn since her shareholding will be locked in for a two-year period after the shares are listed on the stock market. she has 649,770 shares or a 1.1 per cent shareholding of the company. Operations manager, David Omuruli, who has a 1.5 per cent stake or 870,000 shares, will also have his shares locked for the same period. Mr Omuruli joined the company in 1986 as a sales representative and was promoted to operations manager in 1996.

http://www.businessdailyafrica....36/-/8shkpq/-/index.html

Where is the IM?

Longhorn Kenya Ltd., the educational publisher that will be listed on the Nairobi Securities Exchange on May 30, said full-year profit surged more than fivefold to 136.3 million shillings ($1.59 million).

Sales jumped to 1.1 billion shillings in the 12 months through June 2011 from 526.9 million shillings a year earlier, the Nairobi-based company said in an e-mailed prospectus in Kenya’s capital today.

“This remarkable growth was attributed to huge export sales into the Rwanda market,” Longhorn said.

The company, which has units in Uganda and Tanzania, plans to issue 58.5 million shares at 14 shillings each. They will be listed by introduction, meaning Longhorn won’t raise new capital.

>>> Is there something unsettling that sales jump 2x & profits jump 5x the prior year on just one order & just before the Listing. I am going to read the IM but I am staying out for now.