Employee Share Option Plan (ESOP

Letshego to increase local ownership

Letshego to increase local ownership

CHAMWE KAIRA Letshego Holdings Namibia has approved the Letshego Holdings Namibia Employee Share Option Plan (ESOP) Trust and this will see transfer of the trust shares from Letshego Africa Holdings Limited to the trust. The approval was made on during an annual general meeting held in Windhoek. The meeting also approved the final dividend of 36,38 cents per share paid to shareholders. In terms of the Banking Institutions Act 13 of 2023, Letshego Holdings Namibia is required to increase its level of local Namibian equity ownership to 25%. Pursuant to this requirement, Letshego plans to implement the ESOP, the aim…
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