Continental Reinsurance Holdings Limited has strengthened its investment proposition ahead of its planned listing on the Botswana Stock Exchange (BSE), with a key shareholder committing to retain its shares, signalling continued long-term commitment to the company.
The Supplementary Prospectus confirms that the promoter-controlled existing shareholder vehicle, ACA Cornerstone Limited, will retain its entire 14.8 percent shareholding rather than exit the business as originally contemplated.
It also incorporates audit reviewed interim financial results for the six months ended 30 June 2026, reflecting improved profitability and strong underwriting performance. Under the revised offer structure, ACA Cornerstone will retain all 253,951,336 of its existing shares.
This represents approximately 11.9 percent of Continental Reinsurance Holdings’ enlarged issued share capital following completion of the Offer, assuming all contemplated new shares are issued. ACA Cornerstone has also provided a formal undertaking, subject to specified conditions, to retain these shares for a minimum of five years following listing.
Lawrence Nazare, Group Managing Director of Continental Reinsurance Holdings, said the company has engaged closely with investors and taken on board their feedback.
Nazare said the revised offer reflects that engagement and reinforces our long-term investment proposition. ACA Cornerstone’s decision to remain invested, together with its five-year share retention undertaking, demonstrates continued commitment to the business and its future.
“We believe this strengthens alignment between existing and incoming shareholders as we prepare for our listing on the Botswana Stock Exchange,” Nazare said.
The Supplementary Prospectus also incorporates the Group’s audit reviewed financial results for the six months ended 30 June 2026.
Profit before tax increased by approximately 352 percent to P79.2 million, compared with P17.5 million in the corresponding period of 2025.
Profit after tax rose by approximately 902 percent to P64.4 million from P6.4 million, while insurance revenue grew by 2.4 percent to P1.213 billion.
The Public Offer will remain open until 15h30 on Friday, 20 November 2026, with the Group’s listing on the BSE Main Board scheduled for 10 December 2026, subject to the applicable listing requirements.
The offer price remains unchanged at P1.00 per share, with the Group continuing to target USD30 million in new growth capital through the offer for subscription
