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 | 3,749,235.00 | 3,749,235.00 | 3,749,235.00 |
| 500,000,001 | 1,000,000,000 | 500,000,000 | 0.6000% | 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:
- The company must be duly incorporated.
- The company must be a public company in accordance with the Companies Act, 2013.
- The company's securities must be fully paid up and freely transferable.
- The company must have a minimum subscribed capital of at least MK400 million.
- At least 25% of the issued capital for which a listing is being sought must be offered to the public.
- The company must have not less than 30,000,000 equity shares in issue.
- The number of public shareholders of listed securities shall at least be 300 for equity shares; 25 for preference shares and 10 for debentures.
- The company must have a satisfactory profit history for the preceding two years.
- The company's securities may be underwritten.
- 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:
- Submit annual financial reports to shareholders within six months after the end of the financial year.
- Publish interim (half yearly) reports within three months after the end of the interim period.
- 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.
- Publish cautionary statements as soon as possible if in possession of material price sensitive information.
- Publish a declaration to pay any dividend within required timelines.
- 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
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