G4S plans share split to ease tradability

The company's Managing Director (MD), Moraki Mokgosana, made the announcement at the interim results briefing in Gaborone last week. He said the strong financial performance of G4S has led to an increase in the demand for its ordinary shares without a concomitant increase in supply resulting in the price of the ordinary shares quoted on the BSE to increase significantly.

"The ordinary shares have thus become too costly for acquisition by small investors resulting in reduced liquidity and tradability of G4S's shares," Mokgosana said. He added that the company's directors then proposed a ten-for-one sub division that is to be approved at the next extraordinary general meeting in September.