Stock Exchange approves listing of Miwa on the Development & Enterprise Market

The Listing Executive Committee of the Stock Exchange of Mauritius Ltd has given its approval to the admission to listing on the Development & Enterprise Market of Miwa Sugar Limited (Miwa).

Miwa is an offshoot of Alteo following its restructuring into two distinct listed groups through a Scheme of Arrangement.

Miwa is the future holding company of Sucrière des Mascareignes Limited and Alteo’s sugar operations in Kenya and Tanzania.

The date of admission of the above securities has been scheduled for 21 November 2022. On the first trading day, the company will make available 1000 ordinary shares at an indicative price of USD 0.46 per share.

The Introduction is subject to shareholders’ approval which will be sought at a special meeting to be held in August 2022, the sanction of the Supreme Court, and the successful implementation of the Scheme.