The Board of Directors of Econet Wireless Zimbabwe Limited (“EWZL” or “the Company”) wishes to advise shareholders that, following the conclusion of the Exit Offer, EWZL now holds 2,848,982,817 shares in Econet InfraCo, representing 95.215% of InfraCo’s issued share capital. The remaining 143,180,386 shares (4.785%) are held by shareholders who elected to exit.
In accordance with the Directors’ undertaking that, should the exiting shareholders’ participation fail to meet the 30% threshold, a dividend in specie would be declared from the 2,848,982,817 Econet InfraCo shares currently held, EWZL has applied the formula set out in Section 3.3.3 of Part B of the Circular to determine the number of shares to be distributed.
The calculation is as follows:
- 30% of total issued InfraCo shares (2,992,163,203): 897,648,961 shares
- Less shares held by exiting shareholders: (143,180,386 shares)
- Total shares to be distributed: 754,468,575 shares
Accordingly, the Board has declared a dividend in specie of 754,468,575 Econet InfraCo shares, to be distributed to all Econet shareholders registered as at the close of business on Friday, 27 March 2026.
The dividend will be distributed in the ratio of:
0.26482 Econet InfraCo shares for every one (1) Econet share held
No fractional entitlements will be allocated. Any fractional entitlements arising will be rounded to the nearest whole number.
Key dates
The salient dates relating to the dividend in specie are set out below:
| Event | Date |
|---|---|
| Last date to trade cum dividend | Wednesday, 25 March 2026 |
| Share trades ex-dividend | Thursday, 26 March 2026 |
| Record date | Friday, 27 March 2026 |
By Order of the Board
T.A. Ngowe
Group Company Secretary
24 March 2026
Registered Office:
Econet Park,
2 Old Mutare Road, Msasa,
Harare, Zimbabwe.
E-mail: [email protected]
Registrars and Transfer Secretaries:
First Transfer Secretaries (Private) Limited
1 Armagh Avenue, Eastlea
Harare, Zimbabwe
E-mail: [email protected]
Directors:
Dr. J. Myers (Chairman)*, Dr. D. Mboweni (Chief Executive Officer), Mr. R. Chimanikire (Deputy Chief Executive Officer), Dr. J. Chimhanzi*, Mr. M. Gasela*, Mr. G. Gomwe*, Ms. E.T. Masiyiwa*, Ms. S. Masiyiwa**, Mrs. T. Mpofu*, Ms. B. Mtetwa*, Mr C.L. Moyo (Finance Director), Ms T. Moyo*, Mr. H. Pemhiwa*.
*Non Executive and **Alternate.
