Listing requirements are standards that are established by stock exchanges such as ZAR X to control what may be issued on the exchange. Companies wishing to issue their stock on a given exchange must meet its listing requirements also referred to as continuing obligations and continue to do so for as long as they are on the exchange.
If you have read the frequently asked questions and still need a question answered, please contact us.
How long does it take to list?
The timetable for listing depends on the complexity and scale of the transaction, how quickly the listing can be prepared and how quickly funds are received from investors. The amount of time taken to list can range from three months to two years, with six months being typical.
How much does it cost to list?
ZAR X charges an initial fee upon listing, and annual fees while your organisation remains listed. The initial fee calculation is done based on figures extracted from prospectuses for companies wanting to list.Listing Fees
How big does my company have to be in order to be eligible to list?
Your organisation will need to meet one of the following criteria:New Listing Summary
As part owner of my private company, are there any restrictions on selling my shares once the company is listed?
Depending on which admission mechanism your company uses to qualify for listing, trading in some proportion of shares may be restricted for up to two years.
These embargo provisions are designed to protect the integrity of the market. In general terms, they apply to businesses that are substantially speculative, or that do not yet have an established track record. The basis of embargo is to allow a company to develop such a record, and to enable the market to value and understand the business over a period of time.
Embargo provisions are complex, so you should seek advice from specialist advisers, or from ZAR X.
How do I choose an ZAR X code?
An entity's three letter ZAR X code must begin with the first letter of the entity's name and must not have been used within the last 10 years. ZAR X can check the availability of codes for you and, if required, reserve your preferred code.
Where can I find the application form for admission to the official list?
Entities seeking admission to the official list as an ZAR X Listing need to complete Schedule 5 to the Listing RulesSchedule 5 Doc