Investors
If you are considering investing in South African abalone, Abagold is the perfect opportunity. Our AGM and audited results are available for download and you will notice that we have always achieved in reaching our strategic objectives.
FINANCIAL INFORMATION
Annual Financial Reports
BIDS AND OFFERS
Current Bids and Offers
The following bid and/or offers are currently logged with the company secretary: Please click here to download Abagold’s share trade history in excel format.
BIDS
100 000
88 889
OFFERS
100 000
88 889
1 000 000
100 000
120 000
MIN PRICE
R3.30
R3.00
R4.10
R3
R3.35
MAX PRICE
PRICE HISTORY
SHARE TRADING PROCEDURE
Trading Solutions
Since the conversion of Abagold to a public company in 2008, trade in its shares was facilitated by means of an “over the counter” (OTC) trading platform which was developed and hosted by a third party service provider, FNB Securities.
Following the introduction of the Financial Markets Act, No. 19 of 2012 (“Financial Markets Act“), the Financial Services Board (“FSB“) has taken the view that such OTC share trading mechanisms fall within the definition of an “exchange” and have to be licensed as such in terms of the Financial Markets Act. FNB Securities has indicated that it will not seek an exchange license, and as a result the board of Abagold (“Board“) had to suspend trading in Abagold shares on the OTC platform of FNB Securities with effect from 19 September 2014.
Abagold itself will not apply for an “exchange” license for trading in its shares, due to the costs involved and the onerous administrative burden that that would place on Abagold.
The Board however wishes to continue facilitating trade in Abagold shares in a manner that would not contravene the provisions of the Financial Markets Act. Accordingly, the Board has introduced an alternative procedure in terms of which Abagold will endeavour to put prospective purchasers and sellers into contact with one another for them to reach agreement on the sale and purchase (including the price) of any Abagold shares.
Alternative Procedure
Prospective sellers or buyers of Abagold shares may send an email to the company secretary of Abagold at phindile@abagold.co.za setting out their full names and contact details where prospective sellers/buyers of Abagold shares can contact them. By sending this email to the company secretary of Abagold each shareholder agrees that its names and contact details may be sent to any prospective counter party.
It would then be up to the prospective purchasers and sellers to negotiate a transaction, including the purchase price payable.
Once a prospective purchaser and seller have agreed on the sale of any Abagold shares, they should contact the company secretary at phindile@abagold.co.za who will assist the parties in effecting the payment and transfer of the relevant Abagold shares with its transfer secretaries, Link Market Services.
For questions relating to this interim procedure, please contact Enver Manchest on +27 28 313 0253.
Prospective sellers or buyers of Abagold shares may send an email to the company secretary of Abagold at Phindile@abagold.co.za setting out their full names and contact details where prospective sellers/buyers of Abagold shares can contact them. By sending this email to the company secretary of Abagold each shareholder agrees that its names and contact details may be sent to any prospective counter party.
It would then be up to the prospective purchasers and sellers to negotiate a transaction, including the purchase price payable.
Once a prospective purchaser and seller have agreed on the sale of any
Abagold shares, they should contact the company secretary at Phindile@abagold.co.za who will assist the parties in effecting the payment and transfer of the relevant Abagold shares with its transfer secretaries, Link Market Services.
For questions relating to this interim procedure, please contact Enver Manchest on +27 28 313 0253.
