MeritWise Group Public Ltd (Mauritius) – Withdrawal from the Stock Exchange of Mauritius

By Published On: December 29th, 2022Categories: Corporate announcement

The Stock Exchange of Mauritius Ltd (SEM) refers to its communique dated 12 April 2022, whereby investors and the public in general were informed of the suspension of dealings in the shares of MeritWise Group Public Ltd (MWG).

The above suspension had resulted from the inability of MWG to comply with the provisions of the Listing Rules relating to the timely publication of its financial statements as from the financial statements for the year ended 31 December 2020. As of date, MWG has still not been unable to publish its outstanding financial statements and has not issued any communique to provide an update on the publication of these financial statements since its communique dated 07 January 2022.

Consequently, in view of the recurring inability of MWG to comply with the provisions of the Listing Rules relating to the publication of its financial statements, the SEM has decided, pursuant to Listing Rule 3.9 (b) and with the approval of the Listing Executive Committee, to withdraw the ordinary shares of MWG from the Official Market of the SEM after market close of 30 December 2022.

29 December 2022

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