ECO.zw | Further Cautionary Statement

September 28, 2018|

Further to the cautionary statement issued by the Company on 17 September 2018, the Board of Directors of the Company wish to advise shareholders, debenture holders, and members of the investing public that the Directors are considering the following transactions which are all subject to regulatory and shareholder approvals:

  1. The demerger from the mobile network operations business, and the separate listing on the Zimbabwe Stock Exchange, of the Company’s financial technology business. The Company’s financial technology business includes Ecocash and other related businesses;
  2. The exchange of the Company’s 51% stake in Liquid Telecom Zimbabwe for a stake of equivalent value in the holding company, Liquid Telecom Holdings, in advance of the anticipated listing of Liquid Telecom Holdings on a reputable international exchange; and
  3. The conversion to equity of debentures that were issued as part of the Company’s Rights Offer in March 2017.

Accordingly, Shareholders, debenture holders and members of the investing public are advised to continue to exercise caution and consult their professional advisors before dealing in the Company’s shares until the full details of the transaction(s) are announced or upon withdrawal of this cautionary.

By order of the Board
Charles. A Banda

Group Company Secretary
28 September 2018

Latest news and corporate announcements from Econet Wireless Zimbabwe Limited (ECO.zw).

Econet Wireless Zimbabwe is a diversified telecommunications group, the largest enterprise of its kind in Zimbabwe.

Email Alerts!

Sign up now for notification of important Econet Wireless Zimbabwe Limited (ECO.zw) investor updates, events, news items and corporate announcements.