The JSE has created a set of listing requirements and rules that enable a secondary market for shares previously traded on the over-the-counter (OTC) BEE Market, thus demonstrating commitment to transformation through its Empowerment Segment.
The intention of a black economic empowerment (BEE) share ownership scheme is to give previously disadvantaged South Africans the opportunity to own a stake in a company and participate in its growth.
The JSE’s Empowerment Segment caters for companies that have implemented BEE share schemes, allowing participants to buy and sell shares in a regulated environment. The Financial Services Board has mandated that these shares must be traded on a licensed exchange.
An issuer agent is appointed, and is responsible for managing the integrity of the share register by facilitating a verification process on each shareholder.
All Empowerment Segment share transactions are subject to robust pre- and post-trade monitoring and even organisations that are not listed on the JSE’s Main Board or AltX can list their BEE share schemes on the Empowerment Segment.
There is nothing to hold your company back from listing its BEE share ownership scheme on the JSE’s Empowerment Segment. Why not do it today?
Existing or potential shareholders of listed share schemes:
Even if you were registered on the old trading platform, you MUST register on the new transaction platform.
*Registration and verification processes for each listed share scheme may differ depending on the share scheme organisation policy.