MyBucks To Delist From Frankfurt Bourse And Selling Assets
The company is entangled in a legal battle to dispose of its asset in Zambia.
Frankfurt Stock Exchange as it sells some of its assets across the African markets.
JSE-listed investment firm Afristrat, MyBucks’s controlling shareholder, shareholders voted to delist from the Frankfurt Stock Exchange at a general meeting on 12 February 2021.
“As a result, the company will commence the process of delisting from the Frankfurt Stock Exchange,” read the statement.
“Therefore, the Board will submit a notice of termination to Deutsche Börse AG (“DBAG”) today.”
Afristrat further said: “The company further stated: It must be assumed that the Frankfurt Stock Exchange will cease trading the shares immediately following the expiry of the notice period. As a result of this, the company anticipates that the other stock exchanges on which the Shares are traded will also cease trading the shares.”