Bridgefort Capital delists from ZSE, sets sight on VFEX

Bridgefort Capital Limited has voluntarily terminated its listing on the Zimbabwe Stock Exchange (ZSE) with effect from the 26th of November 2024.

The company’s class A and B shares can no longer be traded on the bourse.

The company’s shareholders resolved to terminate the listing on the 15th of November. The move is in line with section 11 of the ZSE listing requirements.

The Securities and Exchange Commission of Zimbabwe gave permission to Bridgefort to delist from the bourse and the company was duly removed from the ZSE official list.

The company has set its sight on listing on the US Dollar denominated Victoria Falls Stock Exchange in order to unlock value for shareholders and source funding for its projects.

Recently, a number of companies have migrated to the Victoria Stock Exchange which offers tax incentives for shareholders, has lower trading fees which may lead to improved liquidity, has enhanced profile within and outside Zimbabwe as well as lower exchange control risk.

John Tanyanyiwa

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