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|Master in Business Administration |
|Financial Markets |
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|ZSE Listing requirements |
Gwenzi Christopher
ZSE Listing Requirements
Summary
1) At least 30% of each class of equity securities must be held by the public unless otherwise agreed by the ZSE. Where the issuer has had a private placement prior to the initial public offering, at least 20% of the total issued shares must be offered to the public. Generally the public consist of individuals and institutional investors holding less than 5% of the shares in issue.
2) Memorandum of Company and Articles of Association of Company must comply with ZSE requirements.
3) The number of the public shareholders in respect of listed securities shall be at least 300 for equity securities and 50 for preference shares; and 25 for debentures.
4) History of the company.
5) Auditors report for 3 years.
6) Forecast earnings, and dividends,
7) Details of share capital structure,