This refers to the process of buying shares from exiting members and not directly from S.I.C.
All members are eligible. A non-member cannot participate in secondary trading of shares.
As a member you can float your shares anytime and anywhere across the globe since we now have an online member’s portal https://webportal.sic.co.ke.
By logging into the portal and placing your bid for your selected lot of shares.
Shares are allocated to the successful bidders every Tuesday midnight.
You inherit shares from the seller plus the dividends he had accumulated in the financial year.
As much as you can afford and as are available on the secondary market. The shares are sold by the lots defined by the seller.
A minimum of 100 shares and a maximum of shares that you own. If you want to still continue as a member you must retain a minimum of 300 shares,
By selling all your shares.
You cannot sell your shares above the ceiling price currently at Kshs. 490/=. Neither can you sell below the floor price being Kshs. 525/=.