BSE encourages increase in free float

Friday, May 22, 2015

The Botswana Stock Exchange (BSE) has urged listed companies to increase the amount of free-float shares in order to increase trading and boost liquidity.

Free float is described as all shares held by investors, other than restricted shares held by company insiders.

Currently, listed companies are supposed to have 20 percent of their shares in the hands of outside individual investors.

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