Letshego to close public offer by midday Friday
Letshego Namibia’s initial public offering(IPO) period, in which members of the public can submit their offers or applications to buy Letshego Namibia shares will close on Friday, 22 September.
In a statement, Letshego said that interested investors are encouraged to read the Letshego Namibia Prospectus and ensure they submit their Offer, with the required documentation and payment, by midday on Friday.
The Letshego Namibia Prospectus can be found online at www.letshego.com/namibia or in person at any Letshego Namibia branch nationwide, and includes application forms. The Offer price during the IPO is N$4.70 per share, with a minimum subscription 200 shares (N$940).
The completed application form must be submitted with: originally certified copy of the front and back of the applicant’s identification document; letter from your bank on a bank letterhead specifying the name of the account holder, the branch code, the account and the type of account (dividend payments can only be made into cheque / current or savings accounts) and / or a cancelled cheque; proof of residence (i.e. a municipal account or similar document that confirms the applicant’s place of
residence; and proof of payment for the shares applied for (as on the application form).
Letshego Namibia CEO, Ester Kali said ,“The Letshego Namibia IPO has truly shown us the spirit of Ekwafo Letu, as Namibians come together for a new means through which to invest. There is not much time left in this incredible opportunity, and we encourage all across Namibia to ensure they are not left behind. Ensure your application is valid and includes all required supporting information. We also encourage that you submit your application form and proof of payment together, as this will help us allocate your shares faster.”
Meanwhile on 29 September, Letshego Namibia will celebrate, Namibia Stock Exchange Listings at an event which will be openned by the Minister of Finance.