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Home » Old Mutual set for VFEX move
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Old Mutual set for VFEX move

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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.
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OLD Mutual will migrate its secondary listing from the Zim­babwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX), ending six years of suspended trading for Zimbabwean shareholders and providing access to a US dollar-denominated market. The group’s shares have remained suspended since June 2020 after the government halted trading on the ZSE to…

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