Falcon Gold finally delists from ZSE

Details Written by Oliver Kazunga | The Chronicle ZW Published: November 09, 2020 10:48 AM

TROUBLED mining concern, Falcon Gold (FALG) on Friday exit trading on the Zimbabwe Stock Exchange after the company successfully applied for voluntary delisting.

Last month, Falgold announced that it was seeking shareholder approval to delist from the ZSE citing viability concerns. The gold miner, which is a public company and exclusively listed on the ZSE, said it was no longer benefiting from trading on the local bourse. Following an Extra General Meeting held last week, Falgold company secretary, Mr Qubeka Nkomo, in a circular advised shareholders that all the proposed resolutions had been passed.

“The directors of Falgold wish to advise shareholders that in terms of the notice published on 7 October 2020, the company held an EGM of shareholders on 29 October,” he said.

“The results of the voting on the proposed resolutions were that the company’s shares be removed from the main board of the ZSE through voluntary termination of the listing on the ZSE.

“Accordingly, all resolutions proposed to shareholders were duly passed and the listing of Falgold on the ZSE will be terminated on Friday 6 November 2020,” said Mr Nkomo.