Rewards Share Recipients
Eswatini Mobile Reward Share Recipients Update
The purpose of a stock market listing (IPO) is to successfully raise new capital for a business.
A prerequisite for a successful listing is that the IPO prospectus contains relevant information to enable investors to make an informed decision on a company’s future performance and prospects.
Where we are
Eswatini Mobile will complete the 3rd year of operations on 30th June 2020.
With this milestone, the company will be in a position to prepare a comprehensive IPO Prospectus with:
– Financials based on (3) years audited accounts.
– Forward looking financial projections based on (3) years trends.
– A Share Price based on the projected 2020/21 EBITDA.
After our third-year financial accounts are audited and approved by Eswatini Mobile’s Board of Directors, we will prepare a new IPO Prospectus and submit to the Eswatini Stock Exchange for consideration.
If approval is granted and the macro and micro economic conditions prevailing in the Kingdom are right for a successful IPO, Eswatini Mobile will list shares during Q4 2020.
Reward Share Recipients
The Curator (Mr Bongani Magagula) is the custodian of Swazi Mobile Trust Ltd, the entity holding the 1, 000,0000 Eswatini Mobile Shares designated for the 15,968 Reward Share Recipients.
Once Eswatini Mobile Ltd obtains listing approval from the ESX and commences its IPO, The Curator will ensure that each of the 15,968 Reward Share Recipients receives (60) Eswatini Mobile Shares into their respective ESX Accounts.
Thank you for being part of and supporting Eswatini Mobile.
The Chairman of the Board
Eswatini Mobile Ltd