ICML to distribute shares, heading towards delisting from Stock Exchange

The Board of Infrastructure Commodities (Mauritius) Limited has asked shareholders to vote for the proposed distribution of the Company’s only asset namely Infrastructure Commodities Limited (ICL) to its Shareholders. 

Infrastructure Commodities (Mauritius) Limited (ICML) is a private equity company that focuses on investing in mining companies that explore, develop and produce commodities used in infrastructure development. The company primary focus is on investing in Coal, Copper and Iron Ore. It is listed on the Official market of the Stock Exchange of Mauritius.

The Board said the proposed distribution is a restructuring of the Company’s assets and “if the proposed distribution is approved by the Shareholders, each shareholder will receive one share of ICL for every share owned in the company.”

This would result in the de-listing of the shares of ICML from the Stock Exchange of Mauritius (SEM), subject to the the latter’s approval. 

Should the vote for the above restructure be approved by the Shareholders, ICML will then apply for the delisting of its shares on the SEM.