African Copper continued to slump, shedding 44thebe to 73thebe. Other losers for the week include Diamonex, down 32thebe to 70thebe and Aviva, down 53thebe to 200thebe. As a result of the losses experienced by the foreign companies, the FCI went down 21.17 percent to close the week at a two-year low of 1,557.18 points. Turnover for the week was P 64,870,122 on 6,161,296 shares.
StanChart Hosts Professor
Standard Chartered Bank will tomorrow (Tuesday) host a cocktail party for Sir Richard Feacham who is visiting Botswana. Feachem is professor of Global Health at the University of California, San Francisco and the University of California, Berkeley, and director of the Global Health Group at UCSF Global Health Sciences. He is also a visiting professor at London University and an honorary professor at the University of Queensland.
Standard Chartered Bank's global sustainability programmes include the prevention of malaria, and as such are partners in the Global Health Groups (GHG) mission to eliminate malaria.
In collaboration with many partners, the GHG is also working on the design and implementation of malaria elimination programmes in seven countries, in Melanesia (the Solomon Islands and Vanuatu), Southern Africa (Botswana, Namibia, South Africa and Swaziland) and China.
BBB001 Notes To Pay Interest
Barclays Bank Botswana Limited will pay interest of P0.06235 per P1.00 of Notes for the BBB001 Notes on October 30. The book closed period for the payment will start six days before close of business on October 24. Withholding tax will be deducted from all interest payments in accordance with the prevailing tax legislation at the date of payment.
Imara Announces Results
The company has announced the payment of an ordinary dividend of 19thebe per share, payable either in cash or scrip at the election of the shareholder, to ordinary shareholders registered in the books of the company at the close of business on August 15, 2008. It says 143 shareholders, holding 35,663,288 ordinary shares of the company and representing 63.4 percent of the total issued share capital of the company, immediately prior to the scrip dividend offer, have elected to receive the dividend in scrip.
This will result in the allotment of an additional 536,135 new shares, representing 0.95 percent of the ordinary shares of the company in issue prior to the allotment. The remaining 136 shareholders, holding 20,572,153 ordinary shares and representing 36.6 percent of the total issued share capital of the company, have elected to receive their dividend in cash.
The cash dividend payment, net of withholding tax amounts to P3,905,191. Dividend warrants, share certificates and/ or dividend payments were to be posted to shareholders on or before September 26.
