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BSE lifts BTCL suspension

Staff Writer
The Botswana Stock Exchange (BSE) has lifted the trading halt on BTCL shares following a statement released by the telecommunications company.

In a cautionary to shareholders on Friday, BTCL announced that it intends to alter the terms of the Employee Share Trust in order to establish an Employee Share Ownership Plan (ESOP).

The objective of the alteration is to permit BTCL employees to directly own BTCL shares and permit them full voting and profit participation rights.

As part

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of the privatisation process, government reserved 52.5 million shares for citizens workers.

“ The changes will also give employees the ability to buy and sell BTCL shares generally, as distinct to the limited ownership rights in terms of the original Trust.

“The final terms of the ESOP are yet to be determined,” said BTCL.



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