BIHL in closed period

Botswana largest diversified financial services firm, BIHL has entered into a closed period in which all its staff, board are not allowed to trade in company shares ahead of the group’s financial results announcement next month.

In a statement to the Botswana Stock Exchange, BIHL said that preparation of the June 2014 half-year results has started and in line with good corporate governance and compliance with BSE rules, the company has declared a closed period from July 1, 2014 to August 29, 2014. Before this period, members of the board and staff of BIHL are expected to have finalised dealings in BIHL shares as it could be implied that they may be aware of price sensitive unpublished information. According to BIHL, unpublished price sensitive material relates to information affecting the company, which if released, is likely to affect the company’s share price.  BIHL, which has 281 million listed shares on the BSE, closed Wednesday’s trading at 1,120 thebe.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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