SAFX safari lodges offers cost effective access to a full public market quotation, providing a visible share price and access to the widest pool of potential investors.
Safari lodges joining SAFX are not required to produce a prospectus as part of the admission process, which significantly reduces both financial demands and the demands placed on the management team in obtaining a market quotation.
Market Features
Safari Lodges seeking admission to SAFX stock market typically have a market capitalization of at least £200,000 at the time of admission, and will be expected to have public company status at the time of joining and must prepare and present their accounts in accordance with either IFRS accounting standards, GAAP (Generally Accepted Accounting Principles) or with the equivalent accounting principles of the company’s home jurisdiction.
Safari lodges on SAFX stock market benefit from having their share price displayed on SAFX terminals, website, and smartphone investor apps, and from having their regulatory news and trading updates placed to both the market and secondary information providers.
The SAFX Stock Quote Market provides a market quotation that is not considered a Full Market List and as such can assist the trading of shares without Safari Lodges losing their shareholders’ tax benefits associated with the various countries’ investment schemes.
An additional benefit is that stockbrokers, where their regulatory permissions allow, can advise, and recommend stocks on the SAFX to their clients. Because the SAFX uses the same electronic trading platform as the Regulated Market the market quotation is broadly speaking the same as offered by the Regulated Market. However, trading takes place under SAFX Markets’ MTF license (Multilateral Trading Facility) so admission to the market is approved by SAFX.
Admission Requirements
There are four main requirements for Safari Lodges looking to join the SAFX stock Market:
• Safari lodges must prepare and present their accounts in accordance with GAAP (generally accepted accounting principles) or equivalent status.
• They should already be operating as a public limited company at the time of joining the market.
• There should be a market capitalisation of at least , £200,000 / USD$250,000at the time of admission.
• Safari lodges will need to appoint a corporate adviser approved by SAFX.
More information
You can download a copy of the SAFX Rules here, and contact us to discuss your situation and the applicability of the SAFX Main List for your business.
You can also read about the process for joining SAFX and download application documentation.
