The Board of CIM Financial Services Ltd (“CFSL”) is pleased to inform its shareholders that:
a) following the approval of the Listing Executive Committee of the Stock Exchange of Mauritius received today for the listing of 680,523,310 ordinary shares of its wholly owned subsidiary LAVASTONE LTD (previously known as Cim Property Development Ltd), on the Development and Enterprise Market of the Stock Exchange of Mauritius Ltd (‘DEM’), it will make available for trading 1,000 ordinary shares of LAVASTONE LTD for the first day of trading scheduled on 28 December 2018; and
b) it has today declared a dividend in specie in terms of the 680,522,310 ordinary shares it holds in LAVASTONE LTD following which all the shareholders of CFSL registered at close of business on 7th January 2019 will receive 1 share of LAVASTONE LTD at MUR3.00 for each share of CFSL they hold.
The Admission Document of LAVASTONE LTD is available on the website of CFSL (www.cim.mu) or the Stock Exchange of Mauritius Ltd (www.stockexchangeofmauritius.com) as from today’s date. Such Admission Document will be posted to the shareholders of CFSL on or about 26 December 2018.
Read more below.