Stock Exchange rebrands to Securities Exchange
The Namibia Stock Exchange (NSX) has undergone a rebranding process, and will now be known as the Namibia Securities Exchange (NSX), it announced this week. It follows a rebranding process that commenced last year and has now come full circle.
“As of November 2024, the Namibian Stock Exchange has undergone a rebranding and will be trading as the Namibia Securities Exchange (NSX). This change reflects our ongoing efforts to enhance and diversify our capital market and drive future economic growth,” the bourse said in a letter to stakeholders.
The rebranding was brought about as a step towards demutualisation - the process by which a mutual company with mutual owners converts into a public share company with shareholders. After demutualisation, a company will achieve a distinct separation of legal liability between the owners and its new non-owner customers.
“The rebranding marks a significant milestone in the goal towards demutualisation, though the process itself is not yet complete as there are still several steps to be taken before the full transition is made
Entities and individuals doing business with the NSX were encouraged to update their records accordingly, the NSX said.
“We request that you update your records accordingly to reflect this change. This includes any documents, contracts, invoices or other materials where our company name or logo is referenced,” the NSX said.
Members of the public seeking further information were encouraged to contact the NSX for clarification.
“We appreciate your continued trust and support during this transition. Should you have any queries or need further clarification, please do not hesitate to contact us at 083 722 7647 or [email protected],” the NSX said.
The current NSX was launched on 30 September 1992 and is Africa's second biggest stock exchange by market capitalisation.
“As of November 2024, the Namibian Stock Exchange has undergone a rebranding and will be trading as the Namibia Securities Exchange (NSX). This change reflects our ongoing efforts to enhance and diversify our capital market and drive future economic growth,” the bourse said in a letter to stakeholders.
The rebranding was brought about as a step towards demutualisation - the process by which a mutual company with mutual owners converts into a public share company with shareholders. After demutualisation, a company will achieve a distinct separation of legal liability between the owners and its new non-owner customers.
“The rebranding marks a significant milestone in the goal towards demutualisation, though the process itself is not yet complete as there are still several steps to be taken before the full transition is made
Entities and individuals doing business with the NSX were encouraged to update their records accordingly, the NSX said.
“We request that you update your records accordingly to reflect this change. This includes any documents, contracts, invoices or other materials where our company name or logo is referenced,” the NSX said.
Members of the public seeking further information were encouraged to contact the NSX for clarification.
“We appreciate your continued trust and support during this transition. Should you have any queries or need further clarification, please do not hesitate to contact us at 083 722 7647 or [email protected],” the NSX said.
The current NSX was launched on 30 September 1992 and is Africa's second biggest stock exchange by market capitalisation.
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