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What is the criteria for a listing by Introduction on the RSE?

Key requirements for admission to the RSE include:

  • A minimum of 1000 shareholders, which is expected to be achieved by the direct holdings of Crystal Telecoms shareholders; and
  • A 25% free float of its issued capital. MTN Rwandacell PLC applied and received from the Capital Market Authority (“CMA”) and the RSE, a waiver of this requirement on the basis of the 20% free float from Crystal Telecoms’ shareholders.