The public offer meets all requirements for a listing on the Namibian Stock Exchange (NSX) and NSX approval has now been received, said Bidvest Namibia chief executive officer Sebby Kankondi.
He added: “This is a hugely successful offer and meets all our expectations. Though the offer was over-subscribed, we ensured that all applications by individuals were met in full. Institutions were allocated an average of 95% of the shares they applied for.”
The successful listing clears the way for a public listing on the NSX with effect from the start of trading on Monday, 26 October 2009. At listing there will be a free-float of 32,4% of Bidvest Namibia shares.
