18
Apr
CHAMWE KAIRA Paratus Namibia Holdings Limited informed shareholders that it has obtained the necessary regulatory approval from Communications Regulatory Authority of Namibia (CRAN) and the Namibian Competition Commission in order for Paratus Group Holdings Ltd to underwrite the Rights Issue on 20 May. A Rights Issue is when a company offers its existing shareholders the chance to buy additional shares for a reduced price. Usually the discounted price will stand for a specified time frame, after which it is returned to normal. “Pursuant to the announcement of the results of the general meeting of the shareholders released on NENS (Namibia…