It’s almost done.
Lighthouse Capital Limited, which has been listed on the Stock Exchange of Mauritius since 2014, is leaving Mauritius to redomicile to Malta.
The company is a hybrid property investment company that invests in European direct property assets, as well as globally in listed real estate and infrastructure securities.
The Stock of Mauritius announced on 25 October 2021 that, pursuant to Listing Rule 3.9 (a) and with the approval of the Listing Executive Committee, it would withdraw the ordinary shares of Lighthouse Capital Ltd from the Official Market after market close of 29 October 2021.
Lighthouse’s intention to leave Mauritius was made official in August 2021 when it proposed to buy-back of shares from shareholders on the Mauritian register. Shareholders of Lighthouse approved the implementation of the Buy-back Offer on 29 September 2021.
As at Friday, 22 October 2021, the company had repurchased 188 809 ordinary shares from shareholders on the Mauritian register who had elected to accept the Buy-back Offer.
The Buy-back Offer consideration of EUR 0.48000 per share was based on the JSE closing share price of ZAR 8.29415 on 22 October 2021, converted from Rand to Euro at an exchange rate of ZAR17.27760:EUR1.00.
The shares repurchased in terms of the Buy-back Offer will be cancelled.
Lighthouse will retain its listing on the JSE Main Board and apply for a dual listing on the Malta Stock Exchange.
