Advertisement

BTCL shares sale oversubscribed

BTCL IPO press briefing.PIC: KAGISO ONKATSWITSE
BTCL IPO press briefing.PIC: KAGISO ONKATSWITSE

Offers to buy Botswana Telecommunications Corporation Limited (BTCL) shares exceeded the 462 million shares that were available for sale translating into an oversubscription of the Initial Public Offer (IPO) that was only open to Batswana and citizen-owned companies.

According to information released by BTCL yesterday, not only were all the shares on sale snapped up, but the uptake is likely to lead to the doubling of shareholders on the Botswana Stock Exchange (BSE) when the company lists next month.

The offer closed on March 4 after running for an extended period of eight weeks during which Batswana and citizen-owned companies were eligible to buy a minimum of 1,000 shares at P1 each.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up