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Mainland - JSE delisting
Mainland refers to the announcement released on SENS and on the website of the Stock Exchange of Mauritius Ltd. ("SEM")on 28 December 2018 wherein the company informed the market that 100% of Mainland shares have been acquired by 4 wholly-owned subsidiaries of PT Lippo Karawaci Tbk and that following the change in shareholding, the company intends for its shares to be delisted from the Alternative Exchange of the JSE Ltd. ("JSE").
On the basis that Mainland no longer meets the JSE's shareholder spread requirements, the JSE has granted Mainland a dispensation to delist from the JSE without further compliance with section 1 of the JSE Listings Requirements.
Accordingly, the entire issued share capital of Mainland will be delisted from the JSE in accordance with the following timetable:
- Last day to trade in Mainland shares on the JSE prior to the delisting - Tuesday, 5 February 2019
- Listing of Mainland shares suspended on the JSE with effect from the commencement of trade on the JSE on - Wednesday, 6 February 2019
- Record date for the termination of listing of Mainland shares on the JSE - Friday, 8 February 2019
- Termination of listing of Mainland shares at the commencement of trade on the JSE on - Monday, 11 February 2019
The directors of the company wish to reiterate that Mainland will retain its listing on the Official Market of the SEM.
The company currently has a primary listing on the Official Market of the SEM and a secondary listing on the Alternative Exchange of the JSE.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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