Bank Windhoek announce public offer allocations

20 Jun 2013 03:02

Bank Windhoek Holdings Limited (BWH) today announced the results of the public offer which opened on 16 May 2013 and closed at 12:00 on 13 June 2013.

 

The banks says 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.

This was done 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 bank further says the number of applications received were 5,827, the number of shares applied for were 153,177,400, while the total value of applications received amounted to 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.

 

Due to the overwhelming success of the public offer, share certificates will only be posted after 27 June 2013, the bank says.