BTCL�s �massive� shares uptake continues

BTCL managing director Paul Taylor
BTCL managing director Paul Taylor

The country’s first ever citizen reserved Initial Public Offer (IPO) has received a good reception with 15,000 shareholders estimated to have already bought Botswana Telecommunications Corporations Limited (BTCL) shares.

Under the IPO, which was opened on January 11 this year and is due to close on March 4, the  government and BTCL are selling 462 million shares at P1 each with buyers eligible to buy a minimum of 1,000 shares.

According to Kennedy Kgomanyane of Stockbrokers Botswana, who are the sponsoring broker to the IPO, the IPO have received a good reception and are already preparing themselves for the final wave of offers to come during the later part of February.

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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