Obtala approved for continues listing on Social Stock Exchange

2nd Nov 2016 09:38

(ShareCast News) - Africa-focused agricultural and forestry company Obtala announced on Wednesday that, following the successful review of its year two Impact Report, it has been approved by the Admissions Panel as an ongoing member of the Social Stock Exchange.The AIM-traded firm said submission of the year two Impact Report is part of the ongoing admissions obligations of membership of the SSX.It said the Admissions Panel is independent and is made up of finance and social sector experts who provide the necessary trust, authority and oversight.Membership of the SSX continued to allow the company to be part of a leadership group of businesses dedicated to social and environmental change, the board said, while allowing increased visibility through a unique capital markets platform and enhanced access to a growing community of investors aligned with the company's vision.The SSX also provides a unique framework for disclosing both financial and impact performance and a transparent and highly regulated secondary market, it added."Obtala takes its commitment to sustainability seriously, and as such we are delighted this has been recognised and we retain our membership of the SSX," said chairman Miles Pelham."As we further develop our African operations we acknowledge that our opportunity to create positive social impact within the communities in which we operate will bring with it additional responsibilities, which we will embrace in line with our mission to deliver returns in a sustainable and ethical manner to the benefit of all stakeholders."