BANK WINDHOEK HOLDINGS LIMITED PUBLIC OFFER RESULTS AND ALLOCATION ANNOUNCEMENT Bank Windhoek Holdings Limited (BWH) is pleased to announce the results of the public offer which opened on 16 May 2013 and closed at 12:00 on 13 June 2013. The offer invited the public to subscribe for a total of 44,331,048 ordinary shares of BWH, with an issue consideration of N$387.9 million by way of: a maximum of 41,280,000 new ordinary shares at an issue price of 875 cents per share to members of the general public; and a maximum of 3,051,048 existing ordinary shares at an issue price of 875 cents per share to members of the general public. The details of the applications received are: Number of applications received: 5,827 Number of shares applied for: 153,177,400 Total value of applications received: N$1,34 billion (3.5 times oversubscribed) A total of 44,331,048 ordinary shares were allocated to applicants for a total consideration of N$387.9 million. The shares allocated represent 28.9% of the shares applied for. All spread requirements for a main board listing, as required in terms of the Namibian Stock Exchange (“NSX”) Listings Requirements have been achieved. The free-float of BWH at listing will be 20.1%. The NSX has approved the listing of all the issued ordinary shares of BWH on the NSX with effect from the start of trading on 20 June 2013. “We are extremely pleased and grateful for the success of the public offer and are thankful for the support from all role players, including our staff, clients, the general public and institutional investors. We are humbled by the overwhelming amount of interest shown in the public offer. Whilst our decision to list Bank Windhoek Holdings was informed by many factors, the overriding consideration was the fundamental belief that the Bank Windhoek Holdings Group has a future role to play as a destination for local capital and a catalyst for wealth creation for individuals, groups, businesses, institutions and communities. Following on to our listing on 20 June, we will continue to focus our efforts to ensure that we play this role to deliver value for our shareholders and other stakeholders”, said Christo de Vries, Managing Director. “As an institution, we recognize 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 let you share in the prosperity of our group as we embark on this new and exciting chapter of Bank Windhoek Holdings”, concluded Christo de Vries, Managing Director. Due to the overwhelming success of the public offer, share certificates will only be posted after 27 June 2013. Enquiries on the BWH shares can be directed to: E:mail – [email protected] Helpdesk - (061) 299 1322; 1324 or 1343.
Posted on: Tue, 18 Jun 2013 16:09:38 +0000
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