BPOPF ups stake in Olympia

Olympia owns Kalahari Floor Tiles and Gaborone Enterprises, earning income through sales of its products and rentals on several properties owned mainly around Gaborone. Details released by Olympia this week indicate that from 1.65 million shares in 2019, the BPOPF now holds 2.7 million in Olympia or about 4.2 percent of the BSE-listed group. 

The BPOPF was among investors who took up equity in a rights offer by Olympia, which closed last November. The group had offered its existing shareholders 35.8 million more shares as a way of paying down its loan with parent group, Olympia Capital Holdings Limited. Only six shareholders took up the offer, representing about 9.1 percent of the shares on offer. The balance of the shares not taken up were allocated to Olympia Capital Holdings Limited as the underwriter of the rights offer.