BTCL introduces IPO Champions

By John Churu, Gaborone, Botswana

As the opportunity to buy shares in BTCL continues to attract the interest of Batswana across the nation, the BTCL IPO Project Team has introduced BTCL IPO Champions across all branches. The dedicated resources, visible in BTCL IPO attire, have been dispatched to all BTCL and Barclays Bank branches across Botswana.

“The BTCL IPO Champions will provide assistance and respond to in-branch enquiries from Batswana throughout the BTCL IPO Offer Period. The BTCL IPO Offer Period, which Opened on 11th January 2016, will close on 4th March 2016 at 1700hrs,” explained a communiqué from the entity.

Applicants are to obtain a copy of the BTCL IPO Prospectus, complete the application form within, and submit with accompanying requirements to any Barclays Bank branch between 09h00 11th January 2016 and 17h00 04th March 2016.

Applications can be submitted any time during this Period and are only being submitted to Barclays Bank branches Nationwide. Shares are priced at P1.00 each, with a minimum Offer of 1,000 shares. After that, increments of 100 shares will be accepted.

“Please note all offers submitted during the offer period of 11 January to 17h00 on 4th March 2016 will be accepted. This is not a first come, first served process, as the aim is to ensure maximum citizen participation.

In addition to BTCL IPO Champions, a number of platforms have been established to manage enquiries and empower Batswana with more information and education around the BTCL IPO. The statement says “All questions regarding the BTCL IPO may be directed to BTCL on +267 3170560, www.btc.bw or email [email protected] Interested participants may also call 147 from any beMOBILE or landline or call the MTC call centre on 17779. Enquiries may also be lodged at the Public Education Office, Public Enterprises Evaluation and Privatisation Agency (PEEPA) on +267 3188807. Customers are also welcomed to follow BTCL on Facebook: facebook.com/BTCLIPO and on Twitter: @theBTCL_IPO.”

The company explained that the mandate of the BTCL IPO is to ensure as many Batswana have ownership of BTCL shares as possible, driving maximum citizen participation in this once in a lifetime opportunity. “The BTCL IPO project Team is therefore committed to ensuring as much support and assistance for prospective investors is provided as possible. This is particularly to allow for many Batswana who have never bought shares before,” it says.

 

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