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WILDERNESS HOLDINGS LIMITED - Withdrawal of Expression of Interest in the Privatisation of Air Botswana

Release Date: 09/06/2017 12:43
Code(s): WIL     PDF:  
Wrap Text
Withdrawal of Expression of Interest in the Privatisation of Air Botswana

Wilderness Holdings Limited
(Registration number 2004/2986)
(Registered as an external company in South Africa Registration number
2009/022894/10)
ISIN: BW0000000868
Share code: WIL
(“Wilderness” or “the Company”)


WITHDRAWAL OF EXPRESSION OF INTEREST IN THE PRIVATISATION OF AIR BOTSWANA


In the announcement of the results of the Company for the year ended 28 February
2017, issued on 31 May 2017, it was confirmed that the Company had in February 2017
submitted an Expression of Interest in the privatisation of Air Botswana but that there
had been no further progress in the matter.

The Company has been informed by the Ministry of Transport and Communications that
the Government of Botswana wishes to enter into discussions with the Company
regarding this matter. However, after careful deliberation, the Company has decided
to not pursue the matter any further. Accordingly, the Company has withdrawn its
Expression of Interest and has advised the Government of its decision.

The Company wishes the Government of Botswana and Air Botswana well in their efforts
to achieve a turnaround of the national carrier.

The Company’s primary listing is on the Botswana Stock Exchange and its secondary
listing is on the Johannesburg Stock Exchange.

By Order of the Board

Gaborone, 9 June 2017

+267 392 6886

Sponsor
Arbor Capital Sponsors Proprietary Limited

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