EDGEx Listing Admission Requirements

The following are requirements for a company seeking a listing on the EDGEx board of the Malawi Stock  Exchange:

    1. The company must be duly incorporated.
    2. The company must be a public company in accordance with the Companies Act, 2013.
    3. The company's securities must be fully paid up and freely transferable.
    4. The company must have a minimum subscribed capital of at least MK250 million to MK400 million.
    5. At least 20% of the issued capital for which a listing is being sought must be offered to the public.
    6. The company must have not less than 10,000,000 equity shares in issue.
    7. The number of public shareholders of listed securities shall at least be 100 for equity shares; 25 for preference shares and 10 for debentures.
    8. The company must submit a satisfactory analysis of future earnings indicating credible returns on capital.
    9. The company's securities may be underwritten.
    10. The Memorandum and Articles of Association of the company must comply with the requirements of the Malawi Stock Exchange Listings requirements and the Companies Act.