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THE Zimbabwe Stock Exchange Limited has with immediate effect suspended trading of Meikles Limited shares on the bourse until further notice.
The halt is to allow the ZSE to make a relevant application to the Securities and Exchange Commission of Zimbabwe to approve the suspension of trading of Meikles Limited on the ZSE.
“The Zimbabwe Stock Exchange Limited hereby notifies the investing public that trading in Meikles Limited shares on the ZSE is halted immediately until further notice.
“The halt is to allow the ZSE to make a relevant application to the Securities and Exchange Commission of Zimbabwe to approve the suspension of trading of Meikles Limited on the ZSE,” said ZSE chief executive officer Mr Justin Bgoni.
“The application for the suspension by the ZSE is to allow Meikles Limited to address corporate governance concerns,” he added.
During the halt period, investors will not be able to buy or sell Meikles Limited shares.
Online Reporter