National Tyre Services Limited will be delisted from the Zimbabwe Stock Exchange on December 31, 2025, bringing to an end more than five decades of trading on the local bourse after shareholders approved a voluntary termination of its listing.
The decision follows sustained financial and operational pressures that have weighed on the tyre retailer in recent years. NTS has been listed on the ZSE for over 50 years, supplying tyres and related services to the domestic market.
However, in the financial year ended 31 March 2025, the company reported a loss of ZiG121,19 million, reflecting the impact of economic instability, rising operating costs and persistently low trading activity in its shares.
Against this backdrop, management proposed a voluntary delisting as part of a broader strategic review aimed at restructuring the business outside the public market.
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Shareholders considered the proposal at an Extraordinary General Meeting held on 19 November 2025, where they approved a special resolution that the company’s shares be removed from the Main Board of the ZSE through a voluntary termination of the listing in terms of Section 11 of the ZSE Listings Requirements.
Following the resolution, the ZSE sought and obtained approval from the Securities and Exchange Commission of Zimbabwe in line with Section 64(1)(a)(i) of the Securities and Exchange Act.
In a public notice dated 12 December 2025, the ZSE formally notified the investing public of the voluntary termination of NTS’s listing with effect from 31 December 2025.
The exchange confirmed that shareholders had passed the resolution for delisting in accordance with the Listings Requirements and advised that, in terms of Section 15(d), NTS securities will no longer be traded on the ZSE from that date.
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