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African Sun delists from Victoria Falls Stock Exchange, transitions to unlisted public company

Hospitality group African Sun Limited has delisted from the Victoria Falls Stock Exchange VFEX and will now operate as an unlisted public company. The company confirmed it met all regulatory conditions for the voluntary termination of its listing, with trading in its shares ceasing on April 9, 2026, and the delisting effective April 20, 2026. This move follows shareholder approval at an extraordinary general meeting in March and a share buyback offer. Repurchased shares will be processed according to the Companies and Other Business Entities Act, with settlements starting after the formal transfer of shares on April 20. For shareholders who did not participate in the buyback, an over-the-counter OTC trading platform will be introduced. This strategic repositioning by African Sun, one of Zimbabwe’s largest hotel groups, is a significant development for the VFEX, a foreign currency-denominated bourse, and its impact on liquidity and investor confidence will be closely observed by analysts and the hospitality sector.