<\/p>\n
PSG Financial Services shareholders have approved the proposed voluntary delisting of the company\u2019s ordinary shares from the Stock Exchange of Mauritius (SEM).<\/p>\n
The financial services company says retaining a dual listing on the bourse in Mauritius along with no trading activity creates limited benefit to the company or its shareholders, yet \u201cimposes ongoing regulatory, administrative and compliance requirements and costs on the company\u201d.<\/p>\n
The Bellville-based group, whose major shareholders include Coronation Asset Management and the Public Investment Corporation, has its primary listing on the JSE.<\/p>\n
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It released a Sens on Thursday confirming the withdrawal will take effect after market close on 31 August 2026, after which the company\u2019s ordinary shares will cease to be listed or traded on the SEM and it will no longer be possible for shareholders to transfer shares and register for trading on the bourse.<\/p>\n
\u201cThe single shareholder whose shares are currently held on the SEM register is accordingly taking the necessary steps to transfer his shares to the Johannesburg Stock Exchange register.\u201d<\/p>\n
PSG adds it\u2019s currently completing the remaining administrative and regulatory formalities required to finalise the SEM delisting process.<\/p>\n
PSG Financial Services ordinary shares will remain unaffected on its primary markets. They will continue to be listed and actively traded on both the JSE and the Namibian Stock Exchange.<\/p>\n
#PSG #delist #Mauritius #stock #exchange<\/p>\n","protected":false},"excerpt":{"rendered":"
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