Investment Window Opens After Letshego Share Split

Monday, April 19, 2010

Letshego Holdings' counter on the Botswana Stock Exchange (BSE) will today open trade at P1.60, following the approval of a 10:1 share split by the micro-lending giant's board last Monday.

The new price, down from P16.00, opens a new window to invest in a local group whose assets and profitability have ballooned since its establishment in 1998.

With the BSE requiring a minimum investment of 100 shares, the new share price means prospective shareholders will pay P160 for the minimum investment in Letshego today. This is down from P1, 600 prior to the share split.

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