Chengetedzai Depository Company Limited (CDCL) would like to advise capital market players, issuers of securities and the investing public, that the necessary regulatory approvals to commence the Central Securities Depository (CSD) operations has been granted. In this regard, CDCL is ready to commence the opening of investor accounts and dematerialisation (migrating from paper based title to electronic securities) of approved securities, in preparation for the trading of electronic based securities.
The investing public is therefore advised that the following counters will be traded in electronic form with effect from 8 September 2014:
- CBZ Holdings Limited
- COTTCO Holdings Limited
- FBC Holdings Limited
In the meantime, the investing public is encouraged to open securities accounts (in the same manner that one opens a bank account) through a registered custodian from 25 August 2014 onwards and deposit their securities in such accounts. Clearing and Settlement of trades involving the above named counters shall commence on the 8th of September 2014. We strongly encourage investors to deposit their securities early in order for them to trade on the above named three counters on the Zimbabwe Stock Exchange as from the 8th of September 2014.
For further information, please contact your Custodian, Stockbroker, or Transfer Secretary.
For further details on how a CSD operates visit our website on www.chengetedzai.co.zw or call us on 263 4 2934022-5 and ask for Bevin Ngara or Gerald Katerere or Prosper Mutorogodo.