Velogic listed on the Development & Enterprise Market

The Listing Executive Committee of the Stock Exchange of Mauritius Ltd (SEM) has approved the admission of Velogic Holding Company Limited (Velogic) on the Development & Enterprise Market (DEM), as follows:

(i)  61,935,359 ordinary shares to be listed by way of Introduction at Rs25 per share; and

(ii)  31,580,206 ordinary shares to be listed by way of an Offer for Sale at Rs25 per share.

Velogic is a subsidiary of Rogers & Co Ltd that was incorporated on 30 September 2004.

It offers logistic solutions, including freight-forwarding, customs house brokerage, haulage and warehousing, among others.

The date of admission of the above ordinary shares has been scheduled for 15 December 2021.

On the first day of trading, the shares under the Offer for Sale will be made available for trading at a price of Rs25 per share.