National Foods Limited has voluntarily delisted its ordinary shares from the Victoria Falls Stock Exchange (VFEX), effective January 31, 2025.THE VFEX advised the investing public in a notice.
In December last year, the company’s shareholders approved a resolution to voluntarily delist from the VFEX, in line with Section 11 of the VFEX Listing Requirements. An application to finalize the process was submitted to the bourse.
The Securities and Exchange Commission of Zimbabwe granted the company permission to delist under Section 64(1)(a)(i) of the Securities and Exchange Act [Chapter 24:25].
Shareholders are advised that the company’s stock will no longer be tradable on the VFEX effective January 31, 2025.
The delisting provides the company with greater flexibility in corporate governance and regulatory compliance while enabling a stronger focus on long-term goals and streamlined operations.
However, the company will have limited access to capital markets and face reduced investor liquidity.
