At last the ZSE is taking long overdure action.The listing requirements for the establishment of the Zimbabwe Emerging Enterprise Market (ZEEM) were issued recently.ZSE chief executive officer Alban Chirume said ZEEM would be an extension of the ZSE official list and there would be a section in the Revised Listing rules. “ZSE seeks to increase its product range through the establishment of a regulated platform to list entities with growth potential,” Chirume said.“Securities of entities admitted on ZEEM will be traded on the ZSE. However, by virtue of their sizes, ZEEM entities will be subject to less stringent requirements. The platform, which is subject to regulatory approvals, will, therefore, afford smaller entities which do not meet the current listing requirements, the opportunity to list.”
Posted on: Mon, 20 Oct 2014 18:55:30 +0000
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