Ascencia to be listed on the Official Market of the SEM

Ascencia, a Rogers entity that manages the most important malls on the island, has officially joined the big boys club.

The Listing Executive Committee of the Stock Exchange of Mauritius Ltd has given its approval to the the migration of the Class A Ordinary Shares and Redeemable Bonds of Ascencia Ltd from the Development & Enterprise Market to the Official Market.

As such, dealings in the Securities of Ascencia on the DEM will be suspended as from close of business on August 10, 2021. The admission of the Securities of Ascencia on the DEM will also be cancelled as from close of business on August 13, 2021.

The Securities of Ascencia will be introduced and listed on the Official Market on August 16, 2021. 

The SEM has cautioned that the approval was granted subject to Ascencia obtaining the approvals of the holders of its Securities prior to the migration. 

“It is also expected that the Class A Ordinary Shares will be renamed as Ordinary Shares prior to the migration,” it said in a communiqué published on its website.

On the first day of trading on the Official Market, 1,000 Class A Ordinary Shares and 10 Redeemable Bonds will be made available for trading at an indicative price equivalent to the closing price on the last day of trading on the DEM.