African Sun Limited has officially delisted from the Victoria Falls Stock Exchange (VFEX) after fulfilling all regulatory requirements for the voluntary termination of its listing on the trading platform.
“African Sun will accordingly transition to a public unlisted company effective 20 April 2026,” the hospitality concern said Monday.
“…the company has fulfilled all regulatory requirements for the voluntary termination of its listing, with the last day of trading on the VFEX being 9 April 2026,” it said.
The delisting – unanimously approved by shareholders at an extraordinary general meeting held on 18 March 2026 – is part of the hotel group’s restructuring exercise.
As part of the restructuring exercise, African Sun targets to reduce its hotel numbers, a move it hopes will unlock greater shareholder value.
The group intends to focus on a smaller, core portfolio of higher quality properties, many of them operating with international brands.
The strategy will also involve disposal of non-core assets to free up capital.
African Sun recently confirmed it will cease operations at Caribbea Bay Resort in Kariba, with the property set to be taken over by the Public Service Pension Fund as a going concern.
The group manages ten-plus hotels, including The Victoria Falls Hotel, Elephant Hills Resort, Monomotapa Hotel, and various Holiday Inns. – TML