Your stake in a company may be small, but when it comes to big decisions, every vote counts – yours too.
torre has announced a potential delisting from the JSE by way of “a scheme of arrangement” in order (according to the company) to improve its BEE credentials.
But even after the news of a potential delisting, the share traded at about half the latest reported net asset value (NAV) of 182c for December 2017 at the time of writing. The price was also only modestly above 52-week lows.
This has generated a flurry of questions about whether this delisting is legal, and what minority shareholders can do about the delisting of a stock they own.
On the legal aspect: yes, it is legal – as long as the appropriate laws and regulations are complied with. And there is no reason to suspect Torre won’t follow the rules. In fact, any attempt to breach the rules would certainly see the delisting scuppered.
Another important point is that Torre says shareholders will have the option of taking cash or continuing to hold shares in the unlisted company.
この記事は Finweek English の 2 August 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Finweek English の 2 August 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.