This abridged circular contains a renounceable and fully underwritten Rights Offer by Econet Wireless Zimbabwe Limited to the registered holders of ordinary shares in Econet Wireless Zimbabwe Limited as at 18 August 2023 to subscribe for 401,586,371 ordinary shares at a subscription price of US$0.0755 per each share, on the basis of 17.122 ordinary shares for every 100 shares already held. Each rights offer share shall be payable in full in United States Dollars with an option to pay in Econet Wireless Zimbabwe debentures at a price of US$0.06252 per each debenture.
Shareholders are referred to Paragraph 25 of this Abridged Circular, which outlines the Directors’ responsibility in regard to this Abridged Circular.
Each of the Company’s advisers, whose names are set out below, have consented in writing to act in the capacity stated and to their names being stated and, where applicable, their reports being included, in the form and context in which they appear in this Abridged Circular and have not withdrawn such consent prior to the publication hereof.
A copy of this Abridged Circular was lodged and approved by the ZSE.
ENCLOSED IN THIS ABRIDGED CIRCULAR IS A NOTICE OF EXTRAORDINARY GENERAL MEETING
NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Econet Wireless Zimbabwe Limited, (“Company”) will be held on 07 August 2023 at 14:30 hours, for the purposes of transacting the business indicated in the detailed Notice enclosed at the end of this circular. Attendance at the meeting may be electronic as detailed in the attached Notice.
Date of issue: 24 July 2023
