Browsing: London Stock Exchange

• Meikles seeks approval to delist from London Stock Exchange.
• The proposal will be among key issues to be discussed during the firm’s annual general meeting (AGM) next month, according to a notice to shareholders released on November 14, 2022.

Zimbabwe Stock Exchange (ZSE)-listed diversified group Meikles Limited said it is seeking shareholder approval to delist from the London Stock Exchange (LSE).

The proposal will be among key issues to be discussed during the firm’s annual general meeting (AGM) next month, according to a notice to shareholders released on November 14, 2022.  Meikles will hold its 85th AGM virtually on December 5.

“That the company cancels the listing of its 4 556 899 ordinary shares on the official list of the financial conduct authority and the trading on the main market of the London Stock Exchange,” the company said in the notice under special business.

“That the directors of the company …

The pre-listing statement specifies that the VFEX listing is a secondary one and will be done by way of the introduction of depository receipts representing the company’s shares that cannot be directly traded in Zimbabwe as its primary listing is on the respectively.
Investopedia defines a depositary receipt as “a negotiable certificate issued by a bank representing shares in a foreign company traded on a local stock exchange. The depositary receipt gives investors the opportunity to hold shares in the equity of foreign countries and gives them an alternative to trading on an international market.”
A depositary receipt allows investors to hold shares in stocks of companies listed on exchanges in foreign countries. It avoids the need to trade directly with the stock exchange in the foreign market. Instead, investors transact with a major financial institution within their home country, which typically reduces fees and is far more convenient than …

When you are a small start up in Africa, you do not dream of getting listed on the London Stock Exchange, or shall we say, that is indeed all you dream of, and far fetched dream that is.

However, maybe not so far fetched, if you can achieve consistent annual growth and, keep your finances transparent.

While their business growth is a main factor to get them on the shortlist, however, to be listed in this report, the company must also show transparency in reporting its finances.

In its recent report, titled ‘Companies to Inspire Africa’ the London Stock Exchange Group listed a handful of companies and highlighted them as Africa’s top upcoming firms.

The report, which was produced in partnership with the African Development Bank Group among other stakeholders, describes these companies as the inspiration of Africa’s future and that they are leading the way to an Africa of …