The Listing Executive Committee of The Stock Exchange of Mauritius has given approval to list up to 500 million ordinary shares of stonebridge properties ltd by way of private placement on official market.
Stonebridge Properties Limited (Stonebridge) was incorporated on 17 February 2016 in Mauritius and holds a category 1 Global Business License in accordance with the Companies Act 2001 and the Financial Services Act 2007 of Mauritius and has been operational since 18 February 2016.
On the first day of admission of the above shares on the Official Market of the SEM, scheduled for 29 March 2016, up to 10,000 ordinary shares (representing 1% of the ordinary shares of Stonebridge to be issued initially) will be made available for trading at an indicative price of USD 1.00 per share.
The procedure chosen for the trading on the Official List is Procedure 4.21 under the Automated Trading System Schedule of Procedures.
