BBS investors to get P75m shares windfall

BBS Building
BBS Building

Investors in the Botswana Building Society (BBS) will towards the end of the year share a P75 million windfall of free shares worth P1 each when the society converts into a public limited company as part of the demutualisation process.

Aside of the free shares, qualifying members will also convert their investments or deposits in the society into shares with each investor limited to a maximum 15% shareholding in BBS Limited.

According to a prospectus for the BBS demutualisation process released this week, close to 52,000 members have invested about P1.5 billion into the society through three different classes of   membership namely, subscription shares, paid up shares and indefinite period shares.

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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