Wilderness hands parting P39m gift to investors

Mombo is among Wilderness' flagship camps
Mombo is among Wilderness' flagship camps

Wilderness Holdings Limited has allocated P39 million for its 2018 full year dividends, as it finalises its exit from the Botswana Stock Exchange and goes into private hands.

After nine years on the exchange, the tourism giant is due to delist later this month after the majority of shareholders approved a takeover bid led by CEO, Keith Vincent and backed by fund managers.  Wilderness, which is active in markets as far as Rwanda, is widely perceived to control the high end of the Okavango Delta’s luxury hospitality market.

According to its recent financials for the year ended February 28, 2019, Wilderness’ shareholders will receive a parting gift of 16.5 thebe per share, before the company goes private.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

Have a Story? Send Us a tip
arrow up