TSL Limited will cease to be a listed entity on the Zimbabwe Stock Exchange (ZSE) from 02 July 2026, after shareholders approved a voluntary termination of listing and regulators granted the required delisting consent.
The ZSE confirmed in a notice dated 1 July 2026 that TSL’s ordinary shares will be removed from the Official List with effect from 02 July 2026. The move follows a special resolution passed by TSL shareholders at a General Meeting on 19 June 2026, authorising the voluntary delisting in line with Section 11 of the ZSE Listing Requirements.
In compliance with Section 64(1)(a)(i) of the Securities and Exchange Act [Chapter 24:25], the ZSE applied to, and was granted permission by, the Securities and Exchange Commission of Zimbabwe [SECZ] to delist TSL.Trading to Cease With Immediate Effect.
Under Section 15(d) of the ZSE Listing Requirements, the ZSE has advised that: Trading in TSL securities on the ZSE will cease with effect from 02 July 2026; and TSL securities can no longer be bought or sold on the ZSE from that date.
The delisting means TSL will no longer be subject to ZSE listing, disclosure, and trading obligations.
The voluntary delisting is a precursor to TSL seeking a listing by way of introduction on the VFEX. The Victoria Falls Stock Exchange trades exclusively in United States Dollars and other foreign currencies.
According to the Company, the VFEX listing is intended to: Enhance shareholder value through access to a broader base of regional and international investors; and Improve access to foreign currency capital to support the Group’s growth and working capital requirements in a hard-currency environment.
A listing by way of introduction does not involve raising new capital at listing, but facilitates the migration of existing shares to VFEX and enables future capital-raising in foreign currency.
Shareholders are advised to engage their stockbrokers, legal advisors, or the TSL Company Secretary for guidance on the delisting process, share migration mechanics to VFEX, and the implications for their holdings.
Further details on the proposed VFEX introduction, including the expected listing date and share migration timetable, will be communicated in due course, subject to VFEX and SECZ approvals.
