A Laws.Africa project
15 March 2020

Zimbabwe Government Gazette dated 2020-03-15 number 21

Download PDF (516.8 KB)

                                                         Published by Authority

  Vol. XCVIII, No. 21                                    15th MARCH, 2020                                                    Price RTGS$20,00

General Notice 583 of 2020.                                                 March, 2021, of every authority, directive or order granted by any
                                                                            exchange control authority allowing the fungibility of shares of the
 EXCHANGE CONTROL (SUSPENSION OF FUNGIBILITY                                following companies listed on the Zimbabwe Stock Exchange—
                   _______                                                      (i) Old Mutual Limited;
      Order for Suspension of Fungibility of Certain Shares                    (ii) PPC Limited;
                                                                              (iii) SeedCo International Limited.
  THIS Order applies to—
                                                                              This Order does not affect the settlement of any transaction in
  (a) all securities dealers;                                               the above listed securities conducted on any registered securities
  (b) all issuers of dual-listed securities mentioned in subparagraphs      exchange on or before 13th March, 2020, in respect of which
      (i) to (iii) below;                                                   settlement was outstanding, provided that settlement must be effected
  (c) all holders of securities in the companies mentioned in               by the 18th March, 2020.
      subparagraphs (i) to (iii) below;
                                                                                                                  HON. PROFESSOR M. NCUBE,
  (d) the Central Securities Depository or other custodians;                15-3-2020.             Minister of Finance and Economic Development.
  (e) all registered securities exchanges;
  (f) all authorised dealers;
  (g) all transfer secretaries.                                                                      CONTENTS
  WHEREAS the Securities and Exchange Commission of
Zimbabwe has issued Directive No. SS 12/03/2020 to all securities
market intermediaries instituting an audit of all transaction inflows                                       General Notice
on dual listed shares concluded on or after the 1st June, 2019.              Number                                                                 Page
   NOW, THEREFORE, I, Hon. Professor M. Ncube, in my capacity                 583. Exchange Control (Suspension of Fungibility of Certain Shares) Order,
as an exchange control authority under Part V (“Securities”) of the          		 2020: Order for Suspension of Fungibility of Certain Shares . . . . . 537
Exchange Control Regulations, 1996 (Statutory Instrument 109 of
1996), hereby order the suspension, for a period of twelve months
from the publication of this General Notice ending on the 12th

                                                      Printed by the Government Printer, Harare.                                                     537

(Download complete gazette PDF)