The Government of Belize announced last week that it has decided to vary the means of payment for the purchase of shares in Belize Telecommunications Limited (BTL) in an effort to increase the participation of Belizeans in the public offering of 1.8 million 'C' Ordinary Shares in the company.
As a result of the changes, payment for BTL shares up to a maximum of 500 shares can be made at the Central Bank either in US cash or in Belize dollars. Meanwhile, payment for shares in excess of 500 shares can be made either in US dollars or US bankers’ cheque. All other terms and conditions set out in the offering memorandum remain the same.
Previously, shares were available in multiples of 100 shares, but payment was only accepted in US dollars.
"The Government hopes that this will facilitate the purchase of BTL shares by Belizeans," the GoB explained in a statement.
The government aims to complete sale of the BTL shares, which are being offered at a price of US$2.71 per share, by 28th October, 2005.
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