By a Correspondent
SIMBISA Brands Limited has announced that it has suspended buying and selling of shares for a week to allow for its move from the Zimbabwe Stock Exchange to the foreign currency-denominated Victoria Falls Stock Exchange (VFEX).
The organisation will stop trading on Friday, September 25, 2022, to pave way for its listing on the VFEX on December 2, 2022.
“Following the publication of the Simbisa Brands Limited circular on 25 October 2022 and the approval granted during the Extraordinary General Meeting of Shareholders held on 18 November 2022, the investing public is advised that the last day of trading in Simbisa shares on the ZSE shall be Friday, 25 November 2022.
“Following the implementation of a halt in the trading of Simbisa shares on 25 November 2022, Simbisa Brands Limited will be delisted from the ZSE on 28 November 2022 and relisted on the Victoria Falls Stock Exchange on 2 December 2022,” said the company.
“Investors will not be able to buy or sell Simbisa Shares during the period the halt is in effect.”
Simbisa Brands joins companies like Nedbank, Seed Co International Limited, Padenga Holdings Limited, Bindura Nickel Corporation Limited, Caledonia Mining Corporation Plc in the VFEX while many companies have indicated interest to join the bourse.
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