CA Sales Holdings, a Botswana-based consumables distributor this week listed on the Botswana Stock Exchange, give the public an opportunity to own part of the growing company’s shares.
Last month(October), the company, which is also part-owned by tycoon Jagdish Shah, opened its Initial Public Offer(IPO) for interested investors and the public. This week, the company announced they have received a total of 376 applications from the IPO which represents 146 191 572 shares from invited investors and the public. “The successful public applicants will be allotted ordinary shares equal to their applications,” said a statement post in the BSE website.
PSG Africa Holdings is now the company’s biggest shareholders at 51 percent, followed by Export Marketing Investments, Shah, Bielkor Beleggings, Rapassen 21 and Rose Bridge 21 with 10,1 percent, 2,6 percent,2 percent and 1 percent respectively. The Public now own 32,3 percent of the company issued shares.
CA Sales is the parent company of businesses that operate in Southern Africa. It operates within the FMCG industry and delivers services to blue chip manufacturers, both locally and internationally. Its service offering includes selling, merchandising, warehousing, distribution, debtor’s administration, marketing and promotions, point of sale warehousing and training.
The group has offices and facilities in all the main centres throughout Botswana, Swaziland, Namibia, South Africa, Lesotho, Zimbabwe, Zambia and Mozambique.