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 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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