Pretoria Portland Cement (PPC) on Thursday advised that caution was no longer required to be exercised by shareholders when dealing in its securities.

The group further advised that fungibility of up to a maximum of 40% of the PPC shares listed on the Zimbabwe Stock Exchange (ZSE) had been granted.

"Previously the company's shares were only transferable from the JSE to the ZSE, not in reverse.

Shareholders wishing to transfer shares from the ZSE to the JSE will be able to do so on a "first come first served" basis within the abovementioned limitation," PPC said.

It cautioned that shares could only be traded offshore by Zimbabwean sellers if the JSE price of the share was higher and there is no buyer on the Zimbabwean market; and all procedures outlined in the Exchange Control guidelines on the trading of dually listed shares should be observed.

"Shareholders should contact their brokers or other financial advisors with regard to the mechanics and regulatory requirements for enacting share removals," PPC concluded.