Mmegi Investment Holdings diversifies

The new state-of-the-art equipment will transform the MIH’s current printing facility situated in Tlokweng into a fully-fledged world-class commercial printer. The press, which is heat-set web offset is the only of its kind in Botswana capable of printing newspapers, glossy magazines, flyers and books.

Two of the principal shareholders in MIH, Messrs M. Leepile and T. Mbuya, together holding a majority of the company’s shareholding offered a combined 30% of their shares for sale for the raising of funds. The sale was done through the office of the group’s company secretary, in compliance with the statutory requirement. Existing shareholders were given the opportunity to exercise their pre-emptive rights to buy the shares before the offer could be opened to third parties after a special window. This was in accordance with the requirement of the shareholders agreement.