Tag: Johannesburg Stock Exchange (JSE)

The JSE has granted Motus a listing by way of introduction of all its issued ordinary shares on the Main Board of the JSE under the abbreviated name “Motus”, share code “MTH” and ISIN ZAE000261913 with effect from the commencement of trade on Thursday, 22 November 2018 (“Listing Date”). Motus will be listed in the “Specialty Retailers” sector.

Imperial shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on Thursday, 21 June 2018 in relation to the proposed unbundling (“Unbundling”) of Imperial’s automotive business housed in its wholly-owned subsidiary, Motus Holdings Limited (“Motus”).

With local news agendas being dominated by the rand’s dismal performance, recent GDP woes and an economy slipping into a technical recession – South African investors are increasingly seeking shelter via offshore exposure.

Over the years it became clear that financial statements on their own did not tell the whole story of a company’s performance. Companies therefore started reporting on their environmental impacts, employee-related issues and corporate social responsibility issues.