Listing on the Development & Enterprise Market

What type of company is the DEM designed for?

Ideally suited for small to medium sized companies , which are fast growing of looking for additional sources of capital to fuel growth.

What are the benefits of listing ON THE DEM?

• Easier and cheaper capital raising
• Enhanced brand and credibility
• Positive impact on internal culture
• Increased strategic flexibility

What are the specific benefits of listing on the DEM?

Profile

Companies listed on the DEM will benefit from higher visibility

Cost-efficiency

• DEM has lower listing costs and lower ongoing compliance costs
• DEM has also a lower disclosure requirements as compare to the official market

Flexibility

Ongoing flexibility to facilitate growth.

Will I lose control of the company?

No. You retain as much ownership in the company as you want through your equity in shares. All you are doing by listing is giving up a portion of your ownership to shareholders , in exchange for capital.

What is the difference between the official market ant the ADM?

The key differences can be summarised as follows:
 - Lower costs
 - Lower level of compliance
 - Simpler and cheaper listing documentation

Our company is thinking about listing. What do we do to make it happen?

You should first discuss with your professional advisors, including bank, accountant and/or lawyer. You can then contact the Listing division of the Stock Exchange of Mauritius.

What documentation do we need to produce, eg a prospectus?

All applicants whether incorporated in Mauritius or overseas will have to submit a full-fledged admission document as per Schedule Two of the DEM Rules.

How big does our company need to be to list on the DEM?

The DEM has been specifically designed for companies with a minimum market capitalization of Rs 20m and a minimum number of 100 shareholders. However the SEM may be flexible in certain circumstances where companies do not meet the entry requirements.

When should we announce to the market that we are intending to list?

The decision to announce your intention to list should be considered carefully. Once you announce that you intend to become listed, you will start to receive an increased level of attention regarding your company and your listing strategy. Some companies announce their intentions early, others leave it until the last minute.