After debenture holders holding 84.8% of the Company’s issued share capital accepted the offer for the conversion of debt to equity as proposed in the circular to shareholders, dated 8 November 2018, some minority shareholders raised concerns about conversion of debentures to equity. Consequently, the board decided to adjourn the Extraordinary General Meeting that was held on 29 November 2018 to 14 December 2018 to allow time for the Board of directors to consider the concerns. Take note that the directors are still considering the issues. Consequently, the Company further postpones the Extraordinary General Meeting and the resolution for the conversion of debentures to equity sine die.
| C.A. Banda Group Company Secretary |
14 December 2018 |
| Registered Office: Econet Park, 2 Old Mutare Road, Msasa, Harare, 2 Old Mutare Road, Msasa, Harare, Zimbabwe. E-mail: [email protected] Website: www.econet.co.zw |
Registrars and Transfer Secretaries: First Transfer Secretaries (Private) Limited, 1 Armagh Avenue, Eastlea, Harare, Zimbabwe |
Download original announcement
Econet Wireless | Notice of Postponement of Extraordinary General Meeting.pdf
