Wilderness to exit BSE via P1bn deal
Tuesday, March 19, 2019
Shareholders will soon be asked to vote on the P6.25 per share the firm African Wildlife Holdings Limited, is offering for their shares. If the offer is successful, Wilderness Holdings will exit the BSE and go private.
Facts contained in a statement released this afternoon indicates the offer will easily meet the threshold required for approval, as already Wilderness investors holding 61.9% of the issued shares have given guarantees that they will vote for the offer. African Wildlife Holdings Limited only needs to secure a minimum of 35.1% of the current shares for the offer to pass, a small task as the investment group currently holds 25.3% in Wilderness.
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...