Halt in the Trading of Falcon Gold Zimbabwe Limited’s Shares on the ZSE

By Published On: February 17th, 2020Categories: Corporate announcement

The Zimbabwe Stock Exchange Limited (“ZSE”) advises members of the investing public that it has put a halt in the trading of Falcon Gold Zimbabwe Limited’s (“Falcon Gold”) shares on the ZSE according to Clause 4.13.2 of the ZSE Trading Rules and Procedures. This development has been necessitated by a formal request made by Falcon Gold to delist from the ZSE. Falcon Gold has cited the following reasons for their decision to delist;

  1. Inability to publish financial statements for the year ended 30 September 2019 compliant with IAS 29 standards;
  2. The distressed operating and financial condition of the company, and
  3. The continuing inability to obtain capital under current conditions.

The ZSE has formally advised Falcon Gold to follow the prescribed procedure as stated in section 11 of SI 134 of 2019 when seeking a delisting. The investing public will be advised of the outcome of the delisting by Falcon Gold once finalised.

For and behalf of the Zimbabwe Stock Exchange Limited

Justin Bgoni
Chief Executive Officer
Zimbabwe Stock Exchange Limited
Date of Issue: 14 February 2020

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