Old Mutual Zim relists on the Zimbabwe Stock Exchange

Published On: June 26, 2018Company: Old Mutual Plc (OML.zw)

Old Mutual Zimbabwe has relisted on the Zimbabwe Stock Exchange (ZSE) as a part of a broader group strategy to focus its business in Africa. Yesterday, Old Mutual Plc’s shares were suspended from the UK Official list and from trading on the London Stock Exchange’s main market for listed securities, and from the Johannesburg Stock […]

Old Mutual Zimbabwe has relisted on the Zimbabwe Stock Exchange (ZSE) as a part of a broader group strategy to focus its business in Africa.

Yesterday, Old Mutual Plc’s shares were suspended from the UK Official list and from trading on the London Stock Exchange’s main market for listed securities, and from the Johannesburg Stock Exchange, the Namibian Stock Exchange and the Zimbabwe Stock Exchange, and had already been suspended on the Malawi Stock Exchange as it moved its primary listing from London to Johannesburg.

Today the group announced it has completed its primary listing on the Johannesburg Stock Exchange with secondary listings on the London, Malawi, Namibia and Zimbabwe stock exchanges. Old Mutual Zimbabwe has since commenced trading on the ZSE.

“The key difference between our previous listing as Old Mutual Plc in London and our primary listing as Old Mutual Ltd in Africa is that capital from our shareholders will be focused on African businesses and invested in growth opportunities present in African markets we operate in,” said Old Mutual Zimbabwe.

Officiating at the relisting event this morning, Finance and Economic Planning Minister Patrick Chinamasa said Old Mutual’s new thrust was in line with Government’s economic agenda…

View Old Mutual’s company page
Read the complete article: The Herald

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