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Atlas Development Interim 2014 loss $ 5.8M
hisah
#41 Posted : Tuesday, February 16, 2016 5:11:41 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
sparkly
#42 Posted : Tuesday, February 16, 2016 8:49:09 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Avoid these cowboy listings at all costs. Remember African Lakes Corporation, another Bonoko English company that came, excited Tech investors then left them high and dry?
Avoid at all costs
Life is short. Live passionately.
Lolest!
#43 Posted : Wednesday, February 17, 2016 7:58:40 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
kysse wrote:
Sawa tu.I lost usd 143.00 for some documentation which I did for these guys.If you are reading this Atlas you know who I am.

So little the amount you didnt even put me in your list after promising to pay for months. I forgive you.
That Ethiopian project,I did some work on it.I will just wait for the outcome and come knocking after rebranding.





Thugs.

So many businesses have lost money here. The kind of shameless looting in that place by the Brits would make our Cianos look like angels
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Pesa Nane
#44 Posted : Friday, March 11, 2016 9:50:26 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
PRIVATE PLACEMENT OF SHARES

Further to the public announcement issued on 16 February, 2016, the Board of the Company is pleased to announce that the shareholders in the Company approved the following resolutions at the general meeting held on 10 March, 2016:
(i) to authorise the directors of the Company to issue and allot up to 600,000,000 ordinary shares wholly for cash on a non-pre-emptive basis; and
(ii) to change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.
On 15 February, 2016, the Board of the Company approved, amongst others, the: (i) issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 United Kingdom pence per ordinary share; and (ii) listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange. The Placing Shares are proposed to be admitted on the AIM Market and the GEMS on or before 15 March, 2016 subject to receipt of relevant approvals.

BY ORDER OF THE BOARD
10 March, 2016
Pesa Nane plans to be shilingi when he grows up.
Lolest!
#45 Posted : Monday, March 14, 2016 9:18:23 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Othelo
#46 Posted : Monday, March 14, 2016 10:53:20 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Lolest! wrote:
http://www.businessdailyafrica.com/Atlas-changes-name-after-raising-Sh500m-in-UK/-/539552/3115448/-/na5543/-/index.html

These jungus know how to shaft us wanjukos smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Fyatu
#47 Posted : Wednesday, March 16, 2016 1:43:00 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?
Dumb money becomes dumb only when it listens to smart money
VituVingiSana
#48 Posted : Wednesday, March 16, 2016 2:54:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
Fyatu wrote:
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?

Why would it be 30 cents on the NSE?
[0.325p x 143/GBP] = 45 cents
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#49 Posted : Wednesday, March 16, 2016 8:00:32 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?

Why would it be 30 cents on the NSE?
[0.325p x 143/GBP] = 45 cents

smile
Pesa Nane plans to be shilingi when he grows up.
Spikes
#50 Posted : Wednesday, March 16, 2016 8:14:45 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?

Why would it be 30 cents on the NSE?
[0.325p x 143/GBP] = 45 cents

John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Spikes
#51 Posted : Wednesday, March 16, 2016 8:17:12 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?

Why would it be 30 cents on the NSE?
[0.325p x 143/GBP] = 45 cents



{0.325p×143/GBP}=46 KES not cents
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
Othelo
#52 Posted : Wednesday, March 16, 2016 8:38:07 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Spikes wrote:
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?

Why would it be 30 cents on the NSE?
[0.325p x 143/GBP] = 45 cents



{0.325p×143/GBP}=46 KES not cents

Really???? .... am getting 0.4399999999 cents in Kenya Shillings smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Pesa Nane
#53 Posted : Thursday, March 17, 2016 10:57:42 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:

Atlas African Industries Limited / Ticker: AAI / Index: AIM and NSE / Sector: Support Services
17 March 2016

Atlas African Industries Limited
Atlas or the Company

Change of Name
Atlas African Industries Limited, formerly known as Atlas Development & Support Services Limited, is pleased to announce that it has completed its change of name and adopted the new tradable instrument display mnemonic (TIDM) 'AAI', effective from 09:00 EAT tomorrow. Shareholders are advised that existing share certificates in the name of Atlas Development & Support Services Limited will remain valid, and that any new share certificates which are issued by the Company will be issued in the name of Atlas African Industries Limited. The ISIN and SEDOL numbers will not change.

Carl Esprey, Chief Executive Officer of Atlas, said: "We are delighted to confirm our change of name to Atlas African Industries Limited. This reflects our widening strategy as we continue to develop our industrial division utilising our operational experience in Africa, in particular advancing the Chancho Project in Ethiopia, a new state-of-the-art glass bottle manufacturing facility 45km north of the capital, Addis Ababa, where ground clearing and geotechnical drilling recently commenced.
With significant market demand for quality glass bottles in Ethiopia identified, proven in-country operational experience and a defined growth strategy, I truly believe this is an extremely exciting time of development for Atlas.”

** ENDS **
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#54 Posted : Thursday, March 17, 2016 7:23:03 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
Spikes wrote:
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Pesa Nane wrote:
Quote:
The Capital Markets Act
Chapter 485A of the Laws of Kenya
Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002 (as amended)

PROPOSED PRIVATE PLACEMENT OF SHARES


The Board of the Company is pleased to announce that it has successfully raised US$5 million before expenses by way of a proposed issue of 1,064,307,692 new ordinary shares of no par value in the Company (the “Placing Shares”) at a price of 0.325 pence per ordinary share (the “Placing”).

The Board of the Company has also recommended to the shareholders to approve the resolutions to be proposed at the upcoming general meeting of the Company to be held on 10 March, 2016 (the notice of which will be circulated in accordance with the Articles of Incorporation of the Company) and which will:
(i) authorise the directors to issue the Placing Shares wholly for cash on a non-preemptive basis and to effect the listing of the Placing Shares on the AIM Market of the London Stock Exchange and the Growth and Enterprise Market Segment (“GEMS”) of the Nairobi Securities Exchange;
and
(ii) change the name of the Company from “Atlas Development & Support Services Limited” to “Atlas African Industries Limited”.

The Placing Shares will be issued credited as fully paid and will on admission rank in full for all dividends and other distributions declared, paid or made after admission in respect of the ordinary shares of the Company and otherwise pari passu in all respects with the existing ordinary shares of the Company.

The Placing is conditional on, inter alia, approval from the Capital Markets Authority of Kenya to the
issuance and listing of the Placing Shares on the GEMS, admission of the Placing Shares to AIM Market
of the London Stock Exchange and the GEMS segment of the Nairobi Securities Exchange (“Admission”), the placing agreement to be entered into between the Company and Stifel Nicolaus Europe Limited not being terminated prior to Admission and approval of the shareholders.

BY ORDER OF THE BOARD


Breezer

The titanic smile I see what you did there Laughing out loudly


Today is 15th March. Have the extra 1 million shares started trading at NSE? If yes, why is the price ksh. 1.50 and not 30cents?

Why would it be 30 cents on the NSE?
[0.325p x 143/GBP] = 45 cents



{0.325p×143/GBP}=46 KES not cents

@Spikes - If I were you, I'd buy everything in Kenya at 1.50 & sell them in London at 46/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#55 Posted : Friday, March 18, 2016 12:43:14 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#56 Posted : Tuesday, March 22, 2016 2:59:32 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Atlas African Industries Limited
Atlas or the Company
MOU with Ethiopian Brewery to Supply Glass Bottles

Atlas (AIM, NSE: AAI) is pleased to announce that it has secured a memorandum of understanding MOU with leading Ethiopian brewer Raya Brewery Share Company Raya, for the supply of glass bottles to be produced at the Companys planned state of the art glass bottling factory in Chancho, 45km north of the capital, Addis Ababa the Chancho Project. Under the MOU, which was signed through Atlass Ethiopian subsidiary TEAP Glass PLC TEAP Glass, the Company and Raya have agreed in principle, subject to confirmation of quality, to enter into an offtake agreement, to regularly supply international standard, high quality glass bottles to Raya, in substitution of the imported bottles which it currently uses. Both parties recognise the need for the manufacture of bottles in-country and will work together to finalise a full agreement once the development of the Chancho Project is completed. The MOU demonstrates that the demand fundamentals for glass bottles in Ethiopia are extremely buoyant and the Board are of the view that it underlines the belief that the Chancho Project represents an ideal project to access the emerging Ethiopian consumer market and build a strong presence within the East African industrial sector. Carl Esprey, Chief Executive Officer of Atlas, said: "This relationship underlines the demand for bottles in Ethiopia and the exceptional opportunity that we have. Raya is a prominent brewery in Ethiopia which currently imports its bottles from abroad. Beer production is continuing to grow year on year and with the substitution of imports a significant pillar of the countrys industrial policy, we are ideally positioned to capitalise on the opportunities arising from this. The Ethiopian consumer market is rapidly transforming the country into a manufacturing powerhouse and so we look forward to working with Raya, as well as identifying further opportunities.” ** ENDS ** For further information please visit www.atlassupport.com or
Pesa Nane plans to be shilingi when he grows up.
Othelo
#57 Posted : Tuesday, March 22, 2016 3:27:05 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
These Wazungus are shafters big time ..... Even in Ethiopia there is a subsidiary smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
hisah
#58 Posted : Tuesday, March 22, 2016 3:59:07 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Pesa Nane wrote:

Placing price = KES 0.48. But the market is trading this funny stock at KES 1.50???

Mad men abound!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
muganda
#59 Posted : Friday, April 29, 2016 4:15:19 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
If you are so unlucky as to stare at Atlas in your portfolio, they've announced FY 2015 funeral note.

http://www.rich.co.ke/media/doc...031st%20Dec%20201....pdf
hisah
#60 Posted : Friday, April 29, 2016 5:53:10 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Atlas African Industries Limited is incorporated and domiciled in Guernsey.

That's where I cut short my reporting reading. Won't bother with it anymore.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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