[2008-09-22]  Letshego proposes a change of name
Micro Provident Botswana Limited t/a
Letshego will hold a General Meeting on 9 October 2008 where the directors of the company will seek from shareholders, authorization for the change of name of the Company, adoption of a new constitution of the Company and use of debt instruments for raising funding to finance the growth strategies of the group. The directors of the Company recommend that the Company change its name from Micro Provident Botswana Limited to Letshego Holdings Limited. Letshego is the trading name of the Company. At the BSE, Micro Provident Botswana Limited is referred to as Letshego. In the public domain, the name Letshego is more popular than Micro Provident Botswana Limited. The directors therefore recommend, as a way of ensuring consistency and in view of the considerable goodwill that the name Letshego has generated, Letshego be adopted as the official registered name of the Company. Letshego has been experiencing strong growth and performance across all existing businesses. In order to fund the group expansion strategies so as to sustain its growth, it is estimated that about BWP1bn would be required for this purpose. It is therefore proposed that the funding be raised through debt or quasi-debt instruments

Source: ALLAFRICA