Econet Wireless Zimbabwe Limited has announced that all conditions precedent to the demerger of Cassava SmarTech Zimbabwe Limited have been finalized, resulting in the listing of 2,590,577,241 ordinary shares on the Zimbabwe Stock Exchange on 18 December 2018. Additionally, the company has transferred 50 percent of its issued debentures to the demerged entity and has postponed both the Extraordinary General Meeting and the proposed debt-to-equity conversion resolution indefinitely following concerns raised by minority shareholders.
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