• Monday November, 2024

MALAWI STOCK EXCHANGE (MSE) - Listed Companies

Listed Companies in Malawi

Company Name Symbol ISIN Listing Price Date Listed
AIRTEL MALAWI PLC AIRTEL MWAIRT001156 12.69 24 February 2020
BLANTYRE HOTELS PLC BHL MWBHL0010029 0.84 25 March 1997
FDH BANK PLC FDHB MWFDHB001166 10.00 03 August 2020
FMB CAPITAL HOLDINGS PLC FMBCH MWFMB0010138 45.01 18 September 2017
ICON PROPERTIES PLC ICON MWICON001146 8.75 21 January 2019
ILLOVO SUGAR MALAWI PLC ILLOVO MWILLV010032 2.25 10 November 1997
MPICO PLC MPICO MWMPI0010116 2.25 12 November 2007
NATIONAL BANK OF MALAWI NBM MWNBM0010074 4.00 21 August 2000
NBS BANK PLC NBS MWNBS0010105 2.60 25 June 2007
NICO HOLDINGS PLC NICO MWNICO010014 2.00 11 November 1996
NATIONAL INVESTMENT TRUST PLC NITL MWNITL010091 2.65 21 March 2005
OLD MUTUAL LIMITED OMU ZAE000255360 1,580.22 26 June 2018
PRESS CORPORATION PLC PCL MWPCL0010053 14.89 09 September 2009
STANDARD BANK MALAWI PLC STANDARD MWSTD0010041 3.25 29 June 1998
SUNBIRD TOURISM PLC SUNBIRD MWSTL0010085 2.60 21 August 2002
TELEKOM NETWORKS MALAWI PLC TNM MWTNM0010126 2.00 03 November 2008

Mainboard Listing Fees

Initial application fee K2,000,000.00

Market Capitalization


Marginal



To
Band
Rate
Fee
Cumulative
1
500,000,000
500,000,000
3,749,235.003,749,235.003,749,235.00
500,000,001
1,000,000,000
500,000,0000.6000%
3,000,000.00
6,749,235.00
1,000,000,001
2,000,000,000
1,000,000,000
0.6000%
6,000,000.00
12,749,235.00
2,000,000,001
3,000,000,000
1,000,000,000
0.5000%
5,000,000.00
17,749,235.00
3,000,000,001
4,000,000,000
1,000,000,000
0.5000%
5,000,000.00
22,749,235.00
4,000,000,001
5,000,000,000
1,000,000,000
0.5251%
5,251,000.00
28,000,235.00
5,000,000,001
ABOVE

28,000,235.00
28,000,235.00

Listing Requirements

The following are requirements for a company seeking a listing on the main 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 MK400 million.
    5. At least 25% 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 30,000,000 equity shares in issue.
    7. The number of public shareholders of listed securities shall at least be 300 for equity shares; 25 for preference shares and 10 for debentures.
    8. The company must have a satisfactory profit history for the preceding two years.
    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.

    Mainboard Continuing Obligations

    Observance of the Malawi Stock Exchange continuing obligations is essential to the maintenance of an orderly market in the securities and to ensure that all users of the market have simultaneous access to the same information. As part of a listed company's continuing obligations the listed company must:

    1. Submit annual financial reports to shareholders within six months after the end of the financial year.
    2. Publish interim (half yearly) reports within three months after the end of the interim period.
    3. Publish trading statements as soon as there is reasonable degree of certainty (within 30 days to the reporting period) that the financial results for the period to be reported next will differ by at least 20% from the prior year.
    4. Publish cautionary statements as soon as possible if in possession of material price sensitive information.
    5. Publish a declaration to pay any dividend within required timelines.
    6. Hold Annual General Meetings and notices of such meetings and annual Financial Statements to be sent to all shareholders at least 21 days prior to the meeting.

    Benefits of Listing on MSE

    Go Public for Low Cost Funding:

    Listing provides an opportunity for companies to increase the equity base.

    Go Public for Financial Benefits:

    Listing provides an opportunity for companies to inject new equity funds which greatly improve the company’s gearing and balance sheet ratios.

    Go Public for Company Profiling

    Listing provides an opportunity to raise the level of awareness of your company and its products.

    Go Public for Market Valuation

    Listing provides shareholders and potential investors an opportunity to check the value of their investment in the newly listed company daily through Daily Stock News published by MSE

    Go Public for Realisation of Investment

    Listing provides shareholders the ability to dispose off part of their shareholdings and establish a market valuation for the balance