BTCL shares sale oversubscribed
Tuesday, March 15, 2016
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.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...