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Access Real Estate S.C. is a new real estate investment company, aiming initially to offer quality housing to individuals in Addis Ababa. To finance its operations, it is offering 100,000 registered ordinary shares of Birr 1,000 each for public subscription with a total value of Birr 100 million. The offer will close on 09 December 2008. | | | | OFFERING PRICE PER SHARE: | BIRR 1,000.00 | SERVICE CHARGE PER SHARE
| BIRR 50.00 (5%) | | TERMS OF PAYMENT: | Those who have paid already should pay as per discussed payment schedule.
| | | | | | New applications should be for 100%
| | BONUS FOR FULL PAYMENT ON SUBSCRIPTION: | Extra allocation of net profits in first three years up to 5% of the value of shares paid for.
| | MINIMUM INVESTMENT: | 25 shares (Birr 26,250) | | MAXIMUM INVESTMENT: | 2,000 shares (Birr 2,100,000) | | OFFER OPENS: | 17 September 2007 | OFFER CLOSES:
| 09 December 2008 | PROFIT ALLOCATION:
| By purchasing shares in Access Real Estate, each purchaser agrees that 10% of net profits for 3 years will be allocated to Access Capital Services S.C. |
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As outlined earlier, our extensive market and trend research, has led your company to focus on constructing homes, in the form of desirable apartments in 8-storey (G+7) condominiums. These are going to be priced to be affordable to a wide range of Addis Abeba residents, especially if supported by home loan mortgage finance which is likely to be available to qualified individuals offer from Zemen Bank S.C.