SeedCo Moves To Acquire Own ZSE Shares - NewZimbabwe.com : v

SeedCo Moves To Acquire Own ZSE Shares - NewZimbabwe.com


By Alois Vinga
LISTED seed manufacturing giant, SeedCo International Limited has offered to buy its own shares from current holders in the Zimbabwe Stock Exchange (ZSE) listed company.
The decision is in line with its long term strategy of transforming into a continental brand among other reasons.
SCIL’s secondary listing in SeedCo Limited (SCL) on the ZSE was terminated last year with shares being subsequently listed on the Victoria Falls Exchange (VFEX) on 26 October 2020.
In a circular to shareholders released Wednesday, SCIL said the rationale for the offer was premised on a strategic response to the changes in the status of its secondary listing in Zimbabwe brought about by policy initiatives introduced by the government.

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