Old Mutual said its board had approved the migration after concluding that the VFEX had developed sufficient scale and liquidity to serve as a viable alternative market. The company said the move would restore normal trading access while allowing shareholders to continue receiving dividends and benefiting from the value of their investment.
OLD Mutual Zimbabwe (Old Mutual) is set to migrate its secondary listing from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), six years after trading in its shares was suspended, the company has said. The migration, which remains subject to regulatory approvals, is expected to restore a formal trading platform for…
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