Shareholders are referred to the Cautionary Statements published on 19 December 2018, 18 January and 15 February 2019 respectively, advising that the ultimate holding company of BNC, Asa (currently under Administration), had entered into a Sale and Purchase Agreement (“SPA”) with a Third Party in relation to the 74.73% shareholding in BNC. The conditions of the SPA included various regulatory approvals and other conditions as expected with a transaction of this nature. The Third Party is a UK based nickel company with complementary interests in Southern Africa.

Shareholders are advised that discussions regarding the proposed acquisition of the interest of Asa in BNC by the Third Party have been terminated.



Media Centre

Mar 14, 2019 | Invitation To Advertise In The ZSE Handbook

14 March 2019

The Zimbabwe Stock Exchange Limited (ZSE) will be publishing the 2018 ZSE handbook that will...

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