Zimre Property Investments (ZSE:ZPI) is delisted from the Zimbabwe Stock Exchange with effect from 10 November 2020.
Following the an offer to ZPI minority shareholders by Zimre Holdings Limited (ZSE:ZIMR) to acquire ZPI shares held by minority shareholders in exchange for new issued shares in ZHL, ZPI applied for voluntary termination of its listing on Zimbabwe Stock Exchange Limited pursuant to section 11 of the ZSE Listing Requirements.
ZSE noted that ZPI no longer met the minimum free-float for a listed company defined in section 87(d) of the ZSE’s Listings Requirements since ZHL now controls 97.6% of ZPI.
ZPI securities can no longer be traded on the ZSE with effect from 10 November 2020.
