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Listing committee OKs issuance of 600 million Rockcastle shares

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Listing committee OKs issuance of 600 million Rockcastle shares

Rockcastle Global Real Estate Co. Ltd. gained approval for an additional issue and listing of up to 600 million ordinary shares from the Stock Exchange of Mauritius Ltd.'s listing executive committee June 9.

The move gives the company a right to issue the shares on the official market of the Stock Exchange of Mauritius Ltd., if required, in light of its proposed merger with New Europe Property Investments plc.

The listing particulars of the company dated June 9, are to be made available for inspection for at least 10 business days at the company's registered office, according to the stock exchange of Mauritius Ltd.'s listing rules.

Rockcastle and New Europe Property recently issued a new circular to their respective shareholders to obtain consent for the merger.