Wilderness Holdings have confirmed it will exit both the Botswana Stock Exchange Limited (BSEL) and Johannesburg Stock Exchange (JSE) on Wednesday 3 July.
This follows the closure on the offer to buy-back shares from investors, which elapsed two weeks back.
The company’s majority shareholder is now African Wildlife Holdings (AWH) with a stake of 55.1 percent, followed by The Rise Fund, which holds 33.9 percent of the shares.
Botswana Public Officer Pension Fund (BPOF) remains a shareholder in the eco-tourism company with a 4.5 percent, while the current Chief Executive Officer, Keith Vincent holds a 4.2 percent stake.
The remaining 2.5 percent is divided between minority shareholders.
As a result, Wilderness will now go ahead with its plans to delist and will now become a private company, which is not subject to listing rules.
The impending exit of the tourism enterprise from the stock market marks an end to a nine-year stay at the BSE. Wildness’ delisting and follows that of Furnmart earlier this year, who cited similar reasons, such as lack of liquidity in their shares.