Chamwe Kaira
Africa Bitcoin Corporation Limited has confirmed changes to its share structure, affecting investors on the Namibian Stock Exchange (NSX).
The company said all required resolutions to subdivide its ordinary shares and amend its memorandum of incorporation have been filed with South Africa’s Companies and Intellectual Property Commission. The changes are set to take effect later in April 2026.
The restructuring will increase the number of authorised shares and split existing shares. This is aimed at improving trading and making shares more accessible to investors.
Africa Bitcoin Corporation is dual-listed, with shares trading under the code “BAN” on the NSX. This means Namibian investors will be directly affected by the new structure and trading dates.
The last day to trade shares under the current structure will be 21 April. Trading in the new shares will begin on 22 April. The record date is 24 April, and updated shares will reflect in investor accounts by 28 April.
The company said no new share certificates will be issued. Investors holding physical certificates must ensure their shares are in electronic form to access the updated holdings.
The process is being supported locally by Cirrus Securities (Pty) Ltd.
Africa Bitcoin Corporation started trading on the NSX on 2 October. The dual listing was aimed at expanding access to Bitcoin-related investments in Africa.
The company also announced changes to its board. Robin Coode has been appointed as an independent non-executive director and will chair the audit and risk committee.
Stafford Masie has stepped down as board chair but remains an executive director and joins the social and ethics committee.
Norma Sephuma has been appointed as board chair.
Warren Wheatley has stepped down from the social and ethics committee but remains chief executive officer and executive director.
