ZSE delists Bridgefort Capital

The Zimbabwe Stock Exchange (ZSE) has delisted Bridgefort Capital after the company applied for voluntary termination of the listing of its Class A and Class B preferred shares.

Justin Bgoni, the ZSE chief executive officer, said in a statement that the termination was effective from November 26, 2024.

“The shareholders of Bridgefort met on 15 November 2024 and passed the resolution for the voluntary termination of its listing on the ZSE in accordance with Section 11 of the ZSE Listing Requirements. The company applied for the voluntary termination of listing on the ZSE in terms of the provisions of Section 11 of the ZSE Listing Requirements.

“As required by Section 64 (1)(a) (i) of the Securities and Exchange Act [Chapter 24:25], the ZSE sought and was granted permission by the Securities and Exchange Commission of Zimbabwe to delist Bridgefort from the ZSE official list,” he said.

However, the move is part of the company’s transition into a financial services company through the acquisition of Diaspora Kapita (DK), a South African domiciled investment holding company.

The company is targeting listing on the Victoria Falls Stock Exchange (VFEX) before year-end