SHUMBA COAL LISTS ON THE BOTSWANA STOCK EXCHANGE | 10 April 2013
We are pleased to announce that Shumba Coal Ltd started trading this Monday the 8th of April, on the Botswana Stock Exchange under the short name Shumba and ticker symbol SHU.
We are also pleased to inform you that Shumba Coal has been granted “local asset status” by the Non-Bank Financial Institutions Regulatory Authority of Botswana (“NBFIRA”). NBFIRA is the regulatory authority responsible for the regulation and orderly market conduct of all non-bank financial institutions registered within the Republic of Botswana.
The granting is a good development as local investment and pension funds will have greater ability to invest in Shumba Coal as it will also qualify for the funds’s allocation for local investments. There are only a few publicly traded companies that have local asset status in Botswana and therefore this development could increase the appetite for the stock.
Management would like to thank everyone who worked with us on this transaction and all the investors whom have supported and continue to support our story.
For any enquiries about the Botswana Stock Exchange and how the trading system works please contact our Sponsoring Broker, Greg Matsake of Imara Capital Securities, on Gregory.Matsake@imara.com
