Shareholders approve PrimeTime-Tati deal

The majority holders of PrimeTime, which was listed on the domestic bourse late last year, sanctioned the deal, which involves three properties in Francistown. "At an extraordinary general meeting held on May 14, the three resolutions were passed by the majority of unit holders.

"Firstly, it was resolved that the letting enterprise Tati, which consists of Barclays Plaza, Blue Jacket Square and Nswazi Mall, will be acquired for P75 million. This amount is to be settled by way of the issue and allotment to Tati Company Limited of 25,600,000 linked units at a value of 125thebe each and P43 million on top," said a company statement.