Published: 04 July 2017

In terms of the Company's Memorandum and Articles of Association, notice is hereby given that an Extraordinary General Meeting ("EGM") of shareholders of Econet Wireless Zimbabwe Limited will be held at 1000 hours on the 3rd of February 2017 at 2 Old Mutare Road, Msasa, Harare.

The EGM seeks to approve the capital raise of approximately $130 million through a rights offer to members of the company pro rata to their respective existing shareholding, of 1 082 088 944 ordinary shares plus 263 050 614 Class A shares at a subscription price of 5c per share on the basis of circa 82 ordinary shares for every 100 shares already held. Each rights offer shares shall be Linked to a redeemable accrual Debenture with a subscription price of 4.665c at a coupon rate of 5% per annum. The amount due on both the shares and the Linked Debentures shall be payable in full on acceptance of the offer…
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