Tanzania: DSE Suspends Trading of JATU Shares

The Dar es Salaam Stock Exchange (DSE) has suspended agro-business JATU from trading for a period of two months.

According to the DSE, the suspension is necessary because of the ongoing Initial Public Offering (IPO) of 15,000,000 new shares.

"Following the guidance from Capital Markets and Securities Authority (CMSA), notice is hereby given on the suspension from trading of JATU shares at the Dar es Salaam Stock Exchange (DSE) effective from June 1 to July 28, 2021, to necessitate the synchronisation of JATU's Corporation Actions related to split for existing listed shares and price adjustment as well as the ongoing new IPO," reads the statement

The DSE adds that all shares following the share split for existing shares together with new shares subscribed during the IPO will be credited electronically and deposited in the Central Depository System on July 29.

JATU traded at Tsh1,200 ($0.52) per share on DSE before the suspension.

More From: East African

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

X