The special session on the Public Offer for Sale of 1,945,000 BAI shares took place this Thursday, with total demand recorded at 3,072,020 shares, corresponding to declarations of acceptance by a total of 2,852 investors, disclosed the Bank.
Demand exceeded supply by 1.58 times, with the total offered being 62 billion kwanzas and the amount collected by the offerors of 40 billion kwanzas, with all the shares being allocated to 842 investors.
The physical and financial settlement of the shares sold within the scope will take place on June 3, 2022, being admitted to trading on the stock exchange on June 9, 2022.
In August 2021, BAI approved at an extraordinary general meeting the full amendment of the company's statutes, for the purposes of preparing its qualification as a publicly-held company, thus allowing the capital to be dispersed on the stock exchange.
BAI's structure is made up of 54 shareholders, none of which hold qualifying holdings, with Sonangol standing out as the main shareholder with 8.50 percent of the capital.
The group of shareholders also includes Oberman Finance Corp (5 percent), Dabas Management Limited (5 percent), Mário Palhares (5 percent), Theodore Giletti (5 percent), Lobina Anstalt (5 percent), Coromasi Participações Lda (4.75 percent), Mário Barber (3.87 percent), Luís Lélis (3 percent) and unidentified others, who share the remaining 54.88 percent of the capital.
The executive's Privatization Program provides for the sale of shares in state oil company Sonangol in sectors such as insurance and banking and the departure from BAI was even scheduled for 2020, but the public tender did not go ahead, taking place now through the public offer of sale.
