Dairibord Holdings Limited has commenced the process of voluntarily delisting from the Zimbabwe Stock Exchange and listing on the Victoria Falls Stock Exchange, joining a growing number of companies migrating to the USD-denominated bourse.
The company’s Board of Directors has approved the move and issued a cautionary statement advising shareholders and the investing public of the impending transaction. Dairibord confirmed that a detailed circular outlining the terms, rationale, and implications of the delisting and subsequent VFEX listing will be circulated to shareholders in due course.
Rainbow Hotels — Experience Luxury Across Zimbabwe
Rainbow Hotels continues to redefine hospitality standards in Zimbabwe, offering world-class accommodation, fine dining, and modern conference facilities in Harare, Bulawayo, and Victoria Falls.
Whether for business or leisure, Rainbow Hotels delivers unmatched comfort, exceptional service, and a truly premium guest experience tailored to modern travellers.
Book NowIn line with disclosure obligations, the Group advised shareholders and market participants to exercise caution when dealing in its shares, noting that the transaction may have a material effect on the market price of Dairibord securities. Further announcements will be made in accordance with regulatory requirements.
The shift from the ZSE to VFEX aligns with Dairibord’s strategy to unlock shareholder value and improve access to capital. The Victoria Falls Stock Exchange trades in United States dollars, offering listed entities hard-currency capital-raising opportunities, reduced exchange-rate risk, and enhanced appeal to regional and international investors.
Dairibord Holdings follows several other Zimbabwean corporates that have delisted from the ZWG-denominated ZSE in favor of the USD-denominated VFEX, citing benefits such as improved liquidity, preservation of value, and greater flexibility in offshore transactions.
The transaction remains subject to shareholder approval and regulatory clearances from the Zimbabwe Stock Exchange, the Securities and Exchange Commission of Zimbabwe, and the Victoria Falls Stock Exchange. The forthcoming shareholder circular will provide full details on the proposed delisting, the listing on VFEX, and the timetable for implementation.
Dairibord Holdings is one of Zimbabwe’s largest dairy and beverage manufacturers, with operations spanning milk, food, and beverage production. The planned migration to VFEX is expected to support the company’s long-term growth and investment plans.
