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AfricaMoney | June 29, 2017

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Tadvest limited an investment holding company to be listed on the official market of the SEM.

Tadvest limited an investment holding company to be listed on the official market of the SEM.

The stock exchange of Mauritius has approved the listing of Tadvest Limited (“Tadvest” on the ) Stock Exchange of Mauritius Ltd (“SEM”) to list up  to 60,000,000 ordinary shares of Tadvest on the Official Market of the SEM. The firm will list 15,196,030 ordinary shares at an indicative price of USD 0.90 per share on the Official Market of the SEM by way of an introduction . The aim of the company is to emerge as a leading diversified investment holding company by focusing on businesses with high growth potential in Africa and across the world.

The stock exchange of Mauritius has approved the listing of Tadvest Limited (“Tadvest” on the ) Stock Exchange of Mauritius Ltd (“SEM”) to list up  to 60,000,000 ordinary shares of Tadvest on the Official Market of the SEM.

The firm will list 15,196,030 ordinary shares at an indicative price of USD 0.90 per share on the Official Market of the SEM by way of an introduction; and the listing of up to 44,803,970 additional ordinary shares which will be issued at an indicative price of Namibia Dollars equivalent of USD 0.90 per share in terms of the Namibian private placement and the NSX listing.

The first day of listing and trading of the Shares on the SEM is scheduled to take place on 03 February 2016. On the first day of listing and trading on the SEM 151,960 ordinary shares will be made available for trading at an indicative price of USD 0.90 per share.

Tadvest is an investment holding company incorporated on 05 November 2014 in Mauritius and currently holds a Category One Global Business License issued by the Financial Services Commission.

The company has portfolio of assets focused primarily in the real estate sector although it holds investments in the agriculture and the industrial sectors and intends to diversify in the renewable energy and healthcare sectors.

Tadvest intends to leverage its existing asset base to achieve diversification through strategic acquisitions.

The procedure chosen for the trading on the Official List is Procedure 4.21 under the Automated Trading System Schedule of Procedures.

The aim of the company is to emerge as a leading diversified investment holding company by focusing on businesses with high growth potential in Africa and across the world.

Moreover Tadvest mission is to create sustainable growth for our shareholders by building up and investing into a diversified portfolio of businesses.

The Company is an investment holding company with the primary objective of investing in attractive, high yielding and cash flow generative assets that provide investors with a combination of capital and income growth.

Although the majority of the initial assets are in the real estate sector with attractive yields and capital growth, the strategy of the Company is to diversify the portfolio and reduce the property sector-specific risk within the investment portfolio, thereby enhancing risk-weighted returns for investors.

 

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