Econet Wireless Zimbabwe Limited (“Econet” or “the Company”) and EcoCash Holdings Zimbabwe Limited (“EcoCash Holdings”), being companies under the same control, are engaged in negotiations that may result in the transfer of some non-banking assets from EcoCash Holdings Zimbabwe Limited to Econet Wireless Zimbabwe Limited in exchange for Econet shares that may be distributed to the EcoCash Holdings Limited Shareholders. The envisaged Scheme of Reconstruction will not result in the delisting of EcoCash Holdings Zimbabwe Limited or Econet Wireless Zimbabwe Limited.
The Directors of Econet Wireless Zimbabwe Limited advise the Company’s shareholders and members of the public to exercise caution and to consult their professional advisors when dealing in the shares of the Company until the finalization of the negotiations.
By order of the Board
T.A. Ngowe
Group Company Secretary
16 January 2024