BTCL shares sale opens Monday

Tuesday, January 05, 2016

Window of opportunity: Investors can buy a minimum of 1000 BTCL shares

A total of 462 million Botswana Telecommunications Corporation Limited (BTCL) shares will on Monday (January 11) float on the market at a price of P1 each, marking the first step in closing the country’s first privatisation process.

Under the company’s Initial Public Offer (IPO), Batswana and citizen owned companies are eligible to buy a minimum of 1000 shares translating to P1, 000.

No transactions cost will be levied on the buyers, although investors are required to open a Central Securities Depository (CSD) account with the Botswana Stock Exchange (BSE).

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