Staff Writer
Harare, The Zimbabwe Stock Exchange (ZSE) has notified the investing public of the voluntary termination of the listing of the Old Mutual Top Ten Exchange Traded Fund, effective 17 January 2025.
The unitholders of the Old Mutual Top Ten Exchange Traded Fund met on 12 December 2024 and resolved to voluntarily terminate the Exchange Traded Fund’s listing on the ZSE under Section 11 of the ZSE Listing Requirements.
The Old Mutual Top Ten Exchange Traded Fund applied for the voluntary termination of listing on the ZSE in terms of the provisions of Section 11 of the ZSE Listing Requirements.
As required by Section 64 (1) (a) (i) of the Securities and Exchange Act [Chapter 24:25], the ZSE was granted permission by the Securities and Exchange Commission of Zimbabwe to delist the Old Mutual Top Ten Exchange Traded Fund from the ZSE official list.
In terms of Section 15(1)(d) of the ZSE Listing Requirements, holders of the Old Mutual Top Ten Exchange Traded Fund units are advised that the units can no longer be traded on ZSE with effect from 17 January 2025.
As explained in the Circular to the Unitholders, the Old Mutual Top Ten Exchange Traded Fund will be dissolved after its delisting from the ZSE, and the assets will be distributed to the Unitholders as detailed in the Circular issued to the Unitholders and per the resolution of the Unitholders passed at the Fund’s extraordinary general meeting.
