Zim Now Writer
The Zimbabwe Stock Exchange Limited has announced a dematerialisation process for share certificates.
“This is part of our broader plans for potential listing of the ZSE Limited on the stock exchange,” said Lyndon Nkomo, Company Secretary.
The ZSE explained that dematerialisation will allow for faster processing of transactions and dividend payments.
“Increased security and ease of management of your shares...faster processing of transactions and dividend payments,” said the ZSE in a notice to shareholders.
Shareholders are encouraged to submit their share certificates for dematerialisation within the next two months.
“Shareholders are encouraged to submit their share certificates for dematerialisation within the next two months from the date of this notice,” said the ZSE.
The ZSE will act as the initial depository participant for dematerialised shares.
“Zimbabwe Stock Exchange Limited (ZSLZSEZW) will act as the initial depository participant for your dematerialised shares,” said the ZSE.
KYC documents are required for the dematerialisation process.
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