CA Sales shares offer oversubscribed
Thursday, November 09, 2017
Announcing the results of the company’s Initial Public Offer, CA Sales yesterday said it received 376 applications totalling 146 million shares for the 136 million shares that were on offer.
CA Sales, which will list on the main board of the Botswana Stock Exchange (BSE) today (Thursday), was selling the shares at P3.45 each. The bulk of the shares were being sold through a private placement to institutional investors with only 27 million shares offered to individual investors through an Initial Public Offer (IPO).
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...