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Home Companies & Markets

BSE stops trading of BIHL shares, demands details of Sanlam transaction

BSE says the halting of the company’s securities from trading will only be lifted once the company has published full details providing clarity on BSE X-news

mm by Staff Writer
May 4, 2022
in Companies & Markets
Reading Time: 1 min read
0
Behind the valuation gaps of listed stocks

GABORONE 4 February 2019, European Union (EU) ambassador to Botswana and SADC Jan Sadek officiates the Bell Ringing ceremony at the Botswana Stock Exchange Limited (BSEL) in Gaborone on 4 February 2019. BBSEL starts the trading with a bell ringing ceremony on the first day of trading of every month. The Permanent Secretary of Ministry of International Affairs and Cooperation Gaeimelwe Goitsemang, BSEL chief executive officer Thapelo Tsheole and BSEL head of product development Kopano Bolokwe were present among the others during the ceremony. Sadek and Tsheole interacting as they looking on the trading display board. (Pic:MONIRUL BHUIYAN/PRESS PHOTO)

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Botswana Stock Exchange has announced that BIHL securities listed on the BSE Domestic Main Board have been halted from trading with immediate effect in terms of section 8.3.1 © of the BSE ATS Equity Trading Rules.

With the objective of maintaining a fair, efficient and orderly securities trading environment, BSE says the securities have been halted to allow the company to provide clarity to the market concerning a proposed transaction involving Sanlam, its mother company. BSE says the halting of the company’s securities from trading will only be lifted once the company has published full details providing clarity on BSE X-news.


This is a developing story…

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