Pesewa ONE: Shareholders to approve company’s de-listing from GAX today
Shareholders of Pesewa One Plc are expected to today, Friday, January 6, 2023, during its Emergency General Meeting (EGM) approve the company’s de-listing from the Ghana Alternative Market (GAX) through the passage of a special resolution.
The complete de-listing of the company after its passage of the special resolution by shareholders will still be subject to approval from the Ghana Stock Exchange (GSE) and the Securities and Exchange Commission (SEC).
According to the company, the proposed de-listing is in line with the company’s strategic goals for 2023 as agreed with shareholders and discussed with its corporate advisors and which will include listing the franchise arm of the business on the Euronext.
Pesewa ONE PLC started in 2018 as a Business Incubator helping nurture Africa’s next generation of global businesses. The Company subsequently listed on the Ghana Alternative Market in 2021 and has over the past five years incubated more than 100 young businesses.
In 2022, Pesewa ONE Franchise was launched to provide the Company’s services and automated platforms to more businesses in more regions of Ghana and in 10 African Countries. The Franchise has a target in five years of reaching;
- 5,000 Young African Entrepreneurs
- 100,000 student entrepreneurs; and
- 1M Informal Sector Businesses
