Conglomerate Press Corporation plc delists from London Stock Exchange

MALAWI – Conglomerate Press Corporation plc (PCL), a public company, has delisted from the London Stock Exchange (LSE) as a global depository receipt following a review of continued benefits of listing on the bourse. PCL was the only firm in the country which was dual-listed on both Malawi Stock Exchange (MSE) and LSE as a global depository receipt which is a general name for a depository receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by…

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