Imara Holdings Limited, a regional financial services group, is delisting its shares from the Venture Capital Board of the Botswana Stock Exchange (BSE).
Since arrival in the country, Imara has been focusing on the core businesses of asset management, corporate finance, stockbroking and trust services.
The company was established in Botswana in 2002 and was listed on the BSE in 2006.
It has emerged that that the company has new investors who bought the company, and have plans to relocate the head office to Mauritius.
The decision to delist is said to have been approved at an Extraordinary General Meeting (EGM) of the company held on February 24, 2017.
Sunday Standard has been informed that the approval for the delisting of the shares of was granted by the Listings Committee of the BSE on March 10, 2017.
At the same time, the company has released a statement to the capital markets confirming the latest developments.
“Shareholders are therefore advised that the shares of the Company shall be delisted for trading on the BSE with effect from the close of business on Friday, March 31, 2017,” reads the company’s statement.