Business / Companies
ZSE moves closer to demutualisation
10 Sep 2013 at 05:23hrs | Views
The Zimbabwe Stock Exchange has tendered for a legal adviser as it steps up efforts to finalise the demutualisation exercise which has been in the cards for years.
In a tender notice recently, ZSE said it was seeking to transform itself into a company limited by shares and at the same time update its member rules and listing requirements to synchronise them with the Securities Act (Chapter 24:25) and Statutory Instrument 100 of 2010.
According to the notice, the legal adviser would work in co-operation with appointed financial advisors, the ZSE, and other stakeholders as appropriate, to provide legal advice generally regarding the transformation process, prepare the founding documents to corporatise the ZSE, review and align member rules to current legislation and the transformation objective, and review the proprietary rights of current members.
According to the notice, the legal adviser would work in co-operation with appointed financial advisors, the ZSE, and other stakeholders as appropriate, to provide legal advice generally regarding the transformation process, prepare the founding documents to corporatise the ZSE, review and align member rules to current legislation and the transformation objective, and review the proprietary rights of current members.
Source - newsday
