BTCL shares sale oversubscribed

BTCL IPO press briefing.PIC: KAGISO ONKATSWITSE
BTCL IPO press briefing.PIC: KAGISO ONKATSWITSE

Offers to buy Botswana Telecommunications Corporation Limited (BTCL) shares exceeded the 462 million shares that were available for sale translating into an oversubscription of the Initial Public Offer (IPO) that was only open to Batswana and citizen-owned companies.

According to information released by BTCL yesterday, not only were all the shares on sale snapped up, but the uptake is likely to lead to the doubling of shareholders on the Botswana Stock Exchange (BSE) when the company lists next month.

The offer closed on March 4 after running for an extended period of eight weeks during which Batswana and citizen-owned companies were eligible to buy a minimum of 1,000 shares at P1 each.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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