Breaking: Access Bank reduces its stake in Botswana subsidiary to comply with regulations
- Access Bank Plc reduced its stake in its Botswana subsidiary to comply with the listing requirements of the Botswana Stock Exchange (BSE).
- The BSE requires listed companies to have a minimum of 30% of their shares available to the public for trading.
- Access Bank Plc sold 59 million shares, reducing its stake from 78.15% to 70%.
The reduction of Access Bank Plc's stake in its Botswana subsidiary shows its commitment to complying with regulatory standards and enhancing market dynamics. This move also presents an opportunity for welcoming new shareholders and boosting liquidity in the Botswana Stock Exchange.
