Inward secondary listing of Dale Capital Group on ZAR X
|Name of Issuer||Dale Capital Group Limited|
|Country of Incorporation||Republic of Mauritius|
ABRIDGED LISTING PARTICULARS RELATING TO THE INWARD SECONDARY LISTINGOF DALE CAPITAL ON ZAR X
ZAR X has granted a secondary listing to the Company, by way of an Introduction of all of its shares in issue, on ZAR X under the abbreviated name “Dale” and share code “ZXDCG”, with effect from the commencement of trade on 14 November 2019.
The Board of Dale Capital Group Limited have the pleasure to announce the secondary inward listing of the Company’s shares on the South African ZAR X stock exchange. The number of issued shares that will be initially listed on ZAR X is 202 040 920 shares at an introductory price of ZAR0.80 (80 ZAR cents). It should be noted that Dale Capital converted Debentures of USD 717,500 for 14 799 271 shares on 29 October 2019 and issued 44 164 860 new shares on 4 November 2019 following a private placement of shares, at an issue price of MUR 1.76 per share ahead of the listing on ZAR X, increasing the net asset value per share of the Group to about 5.22 US$ cents (78 ZAR cents).
For the full announcement in connection with the abridged Listing of Dale on ZAR X, please click here.
By order of the Board
13 November 2019