REX has unrivalled track record in Capital Markets transactions in Tanzania. We have acted as legal adviser on several of the listings on the Dar es Salaam Stock Exchange (hereinafter “DSE”). Some of the key highlights in this field include:
Initial Public Offering and Block Sale Transactions:
Acted as legal advisers in the sale to the general public of 20.7 million ordinary shares, representing 32.5% of the ordinary shares capital of Tanga Cement Company Limited at a price of Tanzania Shillings 300 per share by way of an offer for sale through an Initial Public Offering (IPO);
Acting as legal advisers to Tanzania Breweries Limited on the sale of shares of all the shares held by East African Breweries Limited in Tanzania Breweries Limited at the DSE; and
Acting as legal advisers to Vodacom Tanzania Public Limited Company in listing 25% of its authorized share capital (as an on-going obligation during the life of its license) through an initial public offer (“IPO”) and listing on the Dar-es-Salaam Stock Exchange (the “DSE”).
List of Bonds:
Legal advisers to Standard Charted Bank PLC of London on the listing of a bond issued by ALAF Tanzania Limited on the DSE;
Legal counsels to Stanbic Bank Tanzania Limited as Arrangers of a TZS 60,000,000,000 Bond issued by Tanzania Breweries Limited and listed on the DSE; and
Legal counsels to USAID who were guarantors on a USD 10,000,000 Bond (in TZS equivalent). This was the first partially guaranteed bond listed on the DSE issued by PRIDE Tanzania Limited.
Cross Border Listings:
Acted as legal advisers to the cross-listing of Kenya Airways at the DSE, the first ever cross listing at the DSE; and
Legal advisers on the cross border listing of East African Breweries Company Limited at the DSE.
