In a statement to shareholder on Tuesday, Trust Holdigns Limited, group company secretary George Kaseke the decision was taken to ensure that shareholders who may wish to engage in trading of their shares were not prejudiced as its banking arm is working on meeting the Reserve Bank’s minimum capital requirements.
“Trust Holding Limited (THL) has voluntarily requested to be suspended from trading on the Zimbabwe Stock Exchange (ZSE) in compliance with section 1,7b of the ZSE listing rules,” he said.
“This decision has been taken to ensure that shareholders who may wish to engage in trading of their shares are not prejudiced whilst the main THL subsidiary, being Trust Bank is working on concluding the re-capitalisation of the bank as required the The Reserve Bank of Zimbabwe,” said Kaseke.
Kaseke said ZSE acceded to their request and as such, trading of THL shares was suspended as of May 31 2013.
“The board and management would like to thank all stakeholders for the invaluable support during this challenging period while the re-capitalisation program is being concluded,” he said.
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Im sure there is a difference between De-Listing and Suspension. From what I understand, Trust Bank was suspended not de-listed. Please check and confirm. Thanks.