EriTel begins selling shares
http://74.63.78.28/feb2012/haddas_ertra_13022013.pdf
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EastAFRO.com
http://eastafro.com/Post/2013/02/12/video-eritel-begins-selling-shares-eritrea-news-zena-february-12-2013/
Asmara, 12 February 2013 – The Administration of the Eritrean
Telecommunications Corporation (EriTel) has indicated that it has begun to
sell shares in line with the ongoing endeavor of privatizing it. It is to
be recalled that the Corporation distributed application forms to a number
of potential shareholders.
Accordingly, it has made available 4.5 million shares for sale, and the
marketing endeavor has already drawn impressive number of shareholders so
far.
The Corporation called on interested nationals residing in the country to
make sure that they have attached copies of their national identity cards
at the time of making imbursements by way of the Housing and Commerce Bank,
as well as the Commercial Bank of Eritrea. It further called on interested
citizens residing abroad to double-check equivalence of the foreign
currency amounts they debit to the banks with the price of shares they buy,
which has already been indicated in terms of US dollars.
Individual citizens can buy up to 50,000 shares, while businesses and
Associations can purchase up to 500,000 shares, given 10 as the lowest
permissible number of shares for sales. Moreover, EriTel has opened special
accounts at the aforementioned banks so as to serve the purpose, and
related transactions are possible only through those accounts, according to
previous reports. (Shabait)
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Received on Wed Feb 13 2013 - 15:41:07 EST
