EDGARS Stores plans for its shares to commence trading on the Victoria Falls Stock Exchange (VFEX) on April 8, subject to shareholder approval at a March 22 extraordinary general meeting.
If passed, the apparel retailer’s shares would cease trading on the Zimbabwe Stock Exchange (ZSE) on March 27.
The move, announced in February, reflects the company’s pursuit of hard-currency capital, which it believes will be more accessible on the US dollar-denominated VFEX.
Edgars hopes the exchange’s potential growth, improved investor pool, and reporting mandate in US dollars will reduce its risk profile and enhance financing access.