How to List
- All applications will always have to be brought through a Namibian sponsor. (For a list of local sponsors, see contact details below)
- Documentation is sent to the NSX, with copies of the application and other details as set out in the NSX checklists (available on request). The NSX will vet documentation and only when the documentation is complete and satisfactory it can be forwarded to the Listing Committee.
- Once the documentation is complete, the Executive Committee of the application and the Chairperson of the Listing Committee will be informed to convene a meeting
- After the Listing Committee has approved the application, then the Executive Committee should also give approval.
- Only when the Executive Committee has approved, may a company announce the fact that it will list on the NSX, send out invitations, etc. Under no circumstances should any publicity go out before the final approval is received from the Executive Committee although a company may confirm that it has applied once a full application has been received.
Contact
If you are interested in listing your company, or if you would like more information, please call the NSX team on: +264 83 722 7647 or E-mail us via the Contact Us page.
The following sponsors will advise you throughout the different stages of the listing procedure:
What are the advantages for listing on the NSX?
Financing
- Fresh capital and increased equity base for organic growth or to fund acquisitions
- Decreased dependency on creditors
- Enhanced availability of future funds through follow-on offerings as well as potentially easier access to other forms of finance, such as bank loans, as the company has shown that it is capable of meeting listing requirements, and its actions are subject to NSX regulations and public scrutiny
- Lower costs of debt due to higher credit rating
- Company’s shares can be used to finance acquisitions, as seller are more likely to accept marketable listed shares in exchange for their investment
- A listing provides a basis for the valuation of a company’s shares, which is important for acquisitions, by the issue of shares
Original Shareholders
- All shareholders will benefit from the establishment of a market for their shares, leading to a potentially higher demand and higher prices than would have been the case in a limited market
- A listing enables original shareholders to realize part or all their holdings
- Original shareholders may benefit from the increased liquidity of their investment brought about by a listing
- Parastatals or government controlled corporations may make use of the stock exchange to broaden their shareholder base
Employees
- The implementation of share incentive schemes may result in a significant improvement of the motivation of both staff and management. A listing would make such a scheme more attractive to employees, and facilitate its operation
- The public attention focused on the company by the media may boost the morale of employees, as they share in the enhanced status of the company
General
- Be associated with the most pre-eminent companies doing business in Namibia
- The enhanced status brought about by a listing may favorably affect relations with banks, suppliers, customers and the Government
- Stock exchange bulletins and reports in the financial press result in the greater publicity for the company and its product
- Namibia capital markets continuously perform well due to strong and consistent political governance, sound national economic management, and social stability
- Access to a diversified, deep investor base consisting of both local and international investors
- Compels the company to improve its reporting, meaning better information is available for decision making, both internally and externally
- There is no capital gains tax, marketable securities tax or stamp duty on deals executed on the NSX for foreign investors. The only special tax is Non-Resident Shareholders Tax at 10% of dividends. There are no general restrictions on foreign investment