African Energy to delist from BSE

Tuesday, November 28, 2017

African Energy will exit the local bourse

As part of its ongoing capital management strategy, promoters of African Energy Resources have resolved to delist the company’s shares from the Botswana Stock Exchange (BSE).

In a public announcement yesterday, the company, which has a dual listing on the Botswana Stock Exchange (BSE) and the Australian Securities Exchange (ASX), stated that its two million shares currently held on the Botswana register will be transferred to the ASX register.

The power project developer, which owns 100% of the Sese Coal and Power Project in northern Botswana, also stated that it will undertake an on‐market share buy‐back of up to four percent of its total share capital over the next 12 months.

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