Celsys Limited has been suspended from trading on the Zimbabwe Stock Exchange (ZSE) effective August 28, until the proposed listing of Cambria on the bourse.
In a trading update last Friday, Cambria said its proposed listing on the ZSE had been rescheduled to take place following the publication of its audited results for the year ended August 31 2012.
It said the proposed ZSE listing is a secondary listing for the company as its primary listing would remain on the AIM market of the London Stock Exchange, where it has been listed since 2007.
“Cambria believes the proposed ZSE listing is a natural development for the company given the majority of its assets is in Zimbabwe,” the company said.
“It also believes the proposed ZSE listing will increase liquidity in its shares, leading to more efficient pricing, while strengthening the growth prospects of the company.”