7th November 2011, Dar es Salaam – Barclays Bank has been appointed as both the Receiving Bank and Receiving Agent for the East African Breweries Limited (EABL) share offer which opens today. EABL will be divesting 20% of its shareholding in Tanzania Breweries Limited (TBL) to the general public. Priority to invest is being given to Tanzanian nationals and institutions.
As a Receiving Agent, Barclays branches will have stations for potential investors or applicants for the EABL shares. Applicants may pick up a copy of the prospectus and complete their application forms at any of the Barclays branches. All applicants will be required to provide two passport size photographs and identification that proves their nationality.
Barclays is also the Receiving Bank for the Issue.
Mr Kihara Maina, Barclays Bank’s Managing Director said, “This is one of the biggest share offers with about 59 million shares to be floated to the general public.” He further added, “It is a wonderful opportunity for Tanzanians to invest in a home grown company with a solid performance history.”
Mr David Lubira, Barclays Bank’s Corporate Director said, “We are pleased to be part of this Issue and are ready to serve all potential investors from all our branch outlets.”
The sale of shares opened on Friday the 4th of November and closes on the 25th of November. It is expected that Tanzanian nationals will take advantage of the investment opportunity.
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