VFEX paves way for depositary receipts

AdvertisementsTHE Victoria Falls Stock Exchange (VFEX) has outlined guidelines for the listing of depositary receipts (DRs) as it intensifies efforts to encourage participation. Advertisements DRs are instruments issued locally that grant rights in respect of securities issued in other jurisdictions. In a recent circular to prospective issuers, the exchange said through DRs, investors can diversify…

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