Bank Windhoek celebrates its listing with a symbolic “Bell-Ringing”
Bank Windhoek Holdings Limited (BWH) listed on the Namibia Stock Exchange. Pictured is Christo de Vries, Managing Director of BWH at the Bell Ringing ceremony.
The celebration follows on the successful listing of BWH on the NSX. The public offer created wide interest with the total value of applications received exceeding N$1,34 billion, resulting in an oversubscription of 3.5 times. A total of 44,331,048 ordinary shares were allocated to applicants and the shares allocated represent 28.9% of the shares applied for.
“The public offer created immense public and media interest as well as speculation on the value of the share price. We remained confident that investors (both retail and institutional) would see the value in acquiring shares in Bank Windhoek Holdings, and never doubted that the public offer would be a success. We have reached this milestone with the direct and indirect support of many role players and would like to thank each one of you for whatever contribution you made since the decision was made in December 2012 to list BWH. You have all been part of our journey and contributed to the successful listing in some or other way. We are therefore honored to share this special celebration with you”, said Chairman, Koos Brandt, at the function when addressing the guests.
“As an institution, we recognise the duty we have to serve all our stakeholders, including the government, regulators, shareholders, clients, employees and the communities in which we operate. We welcome on board our new shareholders and look forward to letting you share in the prosperity of our group as we embark on this new and exciting chapter of Bank Windhoek Holdings”, said Koos Brandt.
