BW impressed with public interest

Bank Windhoek Managing Director Christo de Vries has expressed satisfaction with the interest shown by potential shareholders in the banks stake.

BW will remain in the control of Capricorn but will have more shareholders from the Black Economic Empowerment agencies and a few foreign institutions who jumped onto the bank’s offer for a public offering.

 

Commenting on the public response, de Vries said: “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."

 

He adds: “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.”