Simbisa Brands eyeing listing on LSE's AIM

Simbisa Brands eyeing listing on LSE's AIM
Published: 23 July 2017
Zimbabwe Stock Exchange listed Simbisa Brands, the company which houses fast food names such as Chicken Inn and Pizza Inn, is reportedly eyeing a secondary listing on the London Stock Exchange Alternative Investment Market, a source in the know has revealed.

The move, which is subject to regulatory approval will enable the company to raise additional funding for its expansion, particularly in the region.
Simbisa, with a current market capitalisation of $114.14 million, was unbundled out of Innscor in 2015 and listed on the ZSE on November 6, 2015.

The company is expected to issue a cautionary statement soon.

- online
Tags: Simbisa, LSE, AIM,


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