PSG Konsult gets the green light for Mauritius listing
The company will increase its international presence.
PSG Konsult, the wealth and asset management unit of PSG Group, has received approval for a secondary listing on the Stock Exchange of Mauritius (SEM), the company announced on Tuesday.
PSG Konsult said it has been granted permission for the secondary listing of its entire issued share capital, currently comprising 1 364 885 118 ordinary shares – a move that will increase its international presence.
The listing of PSG Konsult shares in Mauritius is expected to occur on November 27, 2018.
“The SEM is regarded as one of the foremost Exchanges in Africa and is a fully- fledged member of the World Federation of Exchanges,” the company said in a statement.
PSG Konsult will retain its primary listing on the main board of the JSE, as well as its existing secondary listing on the Namibian Stock Exchange.
“It is envisaged that the SEM Secondary Listing will enable PSG Konsult to raise its profile and brand in Mauritius, reflect PSG Konsult’s position as a leading independent financial services group and allow PSG Konsult access to capital markets in Mauritius in order to raise equity capital in future.”
PSG Konsult said will not be undertaking a capital raise in conjunction with the SEM secondary listing.