29th April 2021
Founding shareholders at Choppies Enterprise – Farouk Ismail and Ram Ottapathu on Friday purchased yet another significant number of shares of the Botswana Stock Exchange (BSE) listed retailing group. The motive to purchase extra shares through an open market transaction remains unknown.
This is not the first time that both Ismail and Ram buy the company’s shares through the same platform ever since the suspension of its securities was lifted in 2020. In October 2020, Ismail and his business partner – Ram each bought five million shares at a price of 60 thebe per share. In December 2020, Ram once again reached out to the capital market this time around purchasing meagre 5000 shares worth P3000. Farouk on the hand bought 4 000, 000 shares worth P2 400, 000.00 – also through an open market purchase but three days later after Ram’s purchase.
CHOPPIES ENTERPRISES LIMITED – Dealing in Shares by Directors - SENS
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