The following table outlines the requirements for listing on the JSE.
REQUIREMENTS Share Capital VENTURE CAPITAL MARKET R500 000 DEVELOPMENT CAPITAL MARKET R1 000 000 MAIN BOARD R2 000 000 REQUIREMENTS Number of shares in issue VENTURE CAPITAL MARKET 1 000 000 DEVELOPMENT CAPITAL MARKET 1 000 000 MAIN BOARD 1 000 000 REQUIREMENTS Trading record VENTURE CAPITAL MARKET A profit history is not necessary but company should, in its analysis of future earnings, indicate credible returns on capital which, on a time- weighted basis, are above average DEVELOPMENT CAPITAL MARKET A satisfactory profit history for the last two years with current audited profit level of R500 000 before tax MAIN BOARD A satisfactory profit history for the last three years with current audited profit level of R1million before tax REQUIREMENTS Number of public equity shareholders VENTURE CAPITAL MARKET Minimum of 75 DEVELOPMENT CAPITAL MARKET Minimum of 75 MAIN BOARD Minimum of 300 REQUIREMENTS Number of equity shares held by these public shareholders VENTURE CAPITAL MARKET At least 5% of the number of equity shares in issue DEVELOPMENT CAPITAL MARKET At least 10% of the number of equity shares in issue MAIN BOARD At least 10% of the number of equity shares in issue REQUIREMENTS Minimum share price VENTURE CAPITAL MARKET 50 cents DEVELOPMENT CAPITAL MARKET 50 cents MAIN BOARD 100 cents
FURTHER INFORMATION CAN BE OBTAINED FROM
Internet : http://www.jse.co.za Johannesburg Stock Exchange * Public Relations Department 17 Diagonal Street * Johannesburg 2001 * Telephone 27 11 377 2200 P O Box 1174 * Johannesburg 2000 * Telefax 27 11 834 7402