Stimulus declares N$79.3m interim dividend
Stimulus Investments Limited has declared an interim dividend of N$79.3 million for holders of its preference shares listed on the Namibia Securities Exchange.
The investment holding company on Wednesday announced its board had approved a dividend of N$17.05 per preference share, amounting to N$79 295 901.30 in total.
Stimulus is a Namibian investment holding company of which the 2011 preference shares give investors exposure to a diversified portfolio of unlisted private-equity-type investments.
The last day on which to trade the shares and qualify for the dividend is 13 November.
The shares will trade ex-dividend from 16 November, meaning buyers from that date will not qualify for the declared payment.
The record date is 20 November, while payment is scheduled for 27 November.
Cirrus Securities is the company’s sponsor on the NSX.
Paratus boss sells 1 000 shares for N$12 350
A DIRECTOR of Paratus Namibia Holdings Limited has sold 1 000 ordinary shares in the telecommunications company for N$12 350.
A regulatory announcement released on Wednesday says Schalk Erasmus sold the shares on the market on 20 October at N$12.35 per share.
The transaction was conducted through his direct beneficial interest, meaning the shares were held directly for his benefit. Paratus has confirmed that the required clearance for the transaction had been obtained.
The disclosure was made in compliance with NSX listing requirements, asking companies to report directors’ dealings in their securities.
Paratus Namibia Holdings is listed on the NSX under the share code PNH.
Simonis Storm Securities is the company’s sponsor on the exchange.
Africa Bitcoin shareholders withdraw demand for board meeting
AFRICA Bitcoin Corporation Limited has confirmed that shareholders who demanded a meeting to appoint two non-executive directors to its board have withdrawn their request.
In an announcement dated 21 October, the company says the demand, led by WGW Capital Proprietary Limited and other ordinary shareholders, has been withdrawn.
The meeting will therefore not take place.
The demand was made under Section 61(3) of South Africa’s Companies Act and was announced on 8 October.
Africa Bitcoin Corporation, formerly known as Altvest Capital Limited, says it has already started taking steps to restore the composition of its board and committees in line with legal, regulatory and stock exchange listing requirements.
The company says further announcements would be made when appropriate.
Africa Bitcoin Corporation is listed on the NSX under the ordinary share code BAN.
Its preferred C ordinary shares trade under the code BANC.
Cirrus Securities is the company’s NSX sponsor, while Questco Corporate Advisory serves as its JSE sponsor.
– Compiled by Shania Lazarus
