Branch² Intelligence
OLD MUTUAL LIMITED: Migration of OM listing on Zimbabwe Stock Exchange
Key takeaway
Old Mutual moves secondary listing from ZSE to VFEX, unlocking trading for shareholders.
- Step 1Old Mutual migrates secondary listing from ZSE to VFEX, restoring trading ability for shareholders.
- Step 2Improved liquidity and reduced regulatory risk narrow the price discount between the VFEX listing and the primary JSE listing.
- Step 3VFEX gains credibility and volume, attracting other dual-listed companies to consider migration.
- Step 4UK-based shareholders of Old Mutual (via ADRs or direct holdings) benefit from reduced discount and improved trading conditions.
Source: FCA NSM (Regulated News)
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