Prepare to purchase BTCL shares on Monday

Botswana Telecommunications Corporation Limited (BTCL) shares will be open to the public starting next week Monday. After delays, government has finally decided to sell part of BTCL to local investors as part of its privatisation initiative first adopted in 2000.

According to the Prospectus, which was made available just before Christmas, 462 million shares are up for grabs. The shares costs P1, 00 per unit and will be available for purchase until 4 March 2016.

Those who are interested in buying shares of the government-owned parastatals, can get copies of the Prospectus from any Barclays Botswana branch, the BTCL headquarters, select Botswana Post branches, BTCL retail outlets, select Choppies retail branches and the offices of sponsoring broker (Stockbrokers Botswana).

The Prospectus contains information on how BTCL shares will be bought, among other critical data.  BTCL, a fixed and non-fixed telecoms company is expected to go public on Friday 8 April. After listing, government will still have a majority stake in the company at 51 percent, while private investors will retain a 49 percent shareholding.

NOTE: As part of an initiative to sensitise the public on the BTCL shares sale, The Midweek Sun through its business pages will carry a number of articles to help investors understand better the shares they are about to purchase. The articles, which will be generated in-house, will start running next week Wednesday. Business Editor.