The Monitor :: Seed Co Lists On BSEL
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Last Updated
Friday 19 October 2018, 15:27 pm.
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Seed Co Lists On BSEL

On Friday, Seed Co International Limited has listed 379 million ordinary shares on the main board of the Botswana Stock Exchange Limited (BSEL).
By Pauline Dikuelo Mon 08 Oct 2018, 12:15 pm (GMT +2)
The Monitor :: Seed Co Lists On BSEL








Commenting on this milestone by Seed Co, BSEL chief executive officer Thapelo Tsheole said this reinforces the value of listing companies on the exchange.

“This listing reiterates that for companies that wish to raise capital or increase visibility in the market, the stock exchange is the right avenue for that,” he said.

He said the BSEL remains committed to growing the capital market in Botswana by providing a platform where companies can list and trade their shares.

“This is a primary listing by way of introduction of the issued share capital of Seed Co, comprising of 379,331,127 of ordinary shares on the Main Board of the BSEL,” said the BSEL chief.

The move was followed by the company’s secondary listing on the Zimbabwe Stock Exchange (ZSE) under the abbreviated name SCIL and share code Seed Co International.

According to a statement by Seed Co, there shall be cross movement of Seed Co international ordinary shares between the BSE and the ZSE subject to the unbundling and dual listing approval conditions for Seed Co International as stipulated by the Reserve

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Bank of Zimbabwe.

“Seed Co International ordinary shares shall move freely from the BSE to the ZSE and the restrictions of the movement shall be monitored,” read the statement.

Seed Co is a leading certified seed company authorised to market seed varieties to the government and other associated seed breeders in over 15 African countries have developed. For many years the company has been involved in breeding, multiplication and distribution of mainly hybrid seed varieties for maize, wheat, Soya beans, sugar beans, cowpeas, sorghum, groundnuts and vegetables.

The company’s seed products are the end result of long-term scientific breeding programmes. They are designed to add value to every farming operation where they apply, since they bring with  them  appropriate  immunity,  resistance  or  tolerance  to  diseases  and  reliable  high  yield  performance.

All Seed Co International’s hybrids and seed varieties are protected under the Plant

Breeders Rights legislation in the various jurisdictions where the Company operates.

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