GIPF says their policy is expected to contribute to the development of the Namibian capital market with regard to unlisted investments.
The Trustees came up with this policy through detailed studies of global best practices about unlisted investments; they used lessons learned from the Development Capital Portfolio as well as the potential of unlisted investments providing an alternative asset class for investments of pension funds' assets such as those of the GIPF.
The Unlisted Investment Policy makes provision for an establishment of special investment vehicles (SPV) in the form of Bewind Trusts.
Large unlisted stocks are typically priced well below their book value and trade at a fraction of the valuations awarded most traditionally traded equities.
These stocks trade at about 50 percent of book value,'' compared with a more typical valuation of four to five times book value, said Jeff Herr, who trades unlisted stocks at Chicago Corp.
October 20,000,000 2017 45,000,000 Unlisted
options at an
shares the market value has been determined by application of the European Venture Capital Association's (EVCA) valuation recommendations or valuation made by an external party.
also wish to advise that 1,500,000 unlisted
options exercisable at $0.
or before 19 July 2014 6,000,000 Unlisted
options exercisable at
60 on or before 16 December 2014 1,000,000 Unlisted options
before 2 April 2015 300,000 Unlisted options exercisable at $0.
November 2015 2,000,000 Unlisted