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- Introduction
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- Securities (Central Depository, Clearing and Settlement) Act 1996
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Listing on the Development & Enterprise Market
Ideally suited for small to medium sized companies , which are fast growing and looking for additional sources of capital to fuel growth.
- Easier and cheaper capital raising
- Enhanced brand and credibility
- Positive impact on internal culture
- Increased strategic flexibility
Profile
Companies listed on the DEM will benefit from higher visibility
Cost-efficiency
- DEM has lower listing costs and lower ongoing compliance costs
- DEM has also a lower disclosure requirements as compared to the Official Market
Flexibility
Ongoing flexibility to facilitate growth.
No. You retain as much ownership in the company as you want through your holding in equity securities. All you are doing by listing is giving up a portion of your ownership to shareholders , in exchange for capital.
The key differences can be summarised as follows:
- Lower costs
- Lower level of compliance
- Simpler and cheaper listing documentation
You should first discuss with your professional advisors, including bank, accountant and/or lawyer. You can then contact the Listing division of the Stock Exchange of Mauritius.
All applicants whether incorporated in Mauritius or overseas will have to submit a full-fledged admission document as per Schedule Two of the DEM Rules.
The DEM has been specifically designed for companies with a minimum market capitalization of Rs 20m and a minimum number of 100 shareholders. However the SEM may be flexible in certain circumstances where companies do not meet the entry requirements.
The decision to announce your intention to list should be considered carefully. Once you announce that you intend to become listed, you will start to receive an increased level of attention regarding your company and your listing strategy. Some companies announce their intentions early, others leave it until the last minute.