Anything new, interesting? Body language of the CEO?

“We are excited about this transaction which has enabled the shareholders of the bank to list on the NSE thus providing liquidity for our institutional, corporate and individual shareholders. The listing also provides us with the platform to raise additional capital in the future to facilitate the achievement of our long term growth and expansion strategy and to improve on our capacities to successfully manage the growth we have achieved in the past few years,” said the executive director, Sarit Raja-Shah, at the Stanley Hotel in a ceremony to mark the listing >>> http://www.businessdailyafrica....52/-/6cqm9g/-/index.html

Brothers enter billionaires club after I&M listing



• I&M Bank opened trading at a price of Sh93 but later rose to close the day at Sh100, leaving the Shah brothers with a combined wealth of Sh2.69 billion.

• The brothers, who are the sons of I&M Bank founder S.B.R Shah, have a combined stake of 6.88 per cent in the newly listed company, translating to 26.93 million shares.

• Tuesday’s trading left Sarit’s stake at Sh1.35 billion while Sachit closed with a Sh1.33 billion stake in a move that effectively transformed a tightly-held family business founded by their father into a public company.

http://www.businessdailyafrica....0/-/o42c4dz/-/index.html

The CEO; Arun is just a manager, the real power is with one of the brothers, Sarit. He retains the title executive Director and basically runs the bank from behind the scenes.

It was an ok function, unfortunately Kidero stood them up and didn't even have the decency to excuse himself in good time.

@the deal @VVS, @all, has any of you been able to get the yet to be allocated 1 share out of the every 5 shares that one should have been allocated. My broker is taking me round and round. Worse i cant get who is the registrar of I&M Holding so that i can contact the registrar directly