Nov 15, 2018 TRUW.zw | Notice of Annual General Meeting

Notice is hereby given that the 61st Annual General Meeting of Shareholders of Truworths Limited will be held in the Boardroom, Truworths Limited, Prospect Park, Stand 808, Seke Road, Harare on Thursday 6 December 2018 at 0900 hours.

Nov 12, 2018 BRDR.zw | Cautionary Statement

Border Timbers Limited issued the following statement:

"Shareholders will be aware of the international arbitration proceedings between the Company, other private parties, and the Government of Zimbabwe (“the Government”), pending at the International Centre for the Settlement of Investment Disputes (“ICSID”) (" the ICSID Proceedings") since 2010 in respect of the compulsory acquisition of its land. An award was issued in the Company’s favour in 2015, but the Government subsequently filed an application to annul the award (“Annulment Application”).

Shareholders are advised that the decision in the Annulment Application, which will be the final decision in the ICSID Proceedings, is expected at any time from now. The outcome of the ICSID proceedings will have a material impact on the financial statements of the Company. For this reason, the Company has been unable to finalise and publish the abridged financial statements for the period ending 30th June, 2018.

The impact of the ICSID decision on the financial statements is likely to have a material impact on the share price.

As an additional precaution for all shareholders and the investing public, the Company has requested the Zimbabwe Stock Exchange to effect a voluntary suspension of the Company’s counter from trading, with effect from Monday, 12th November, 2018, until further notice. A lifting of the suspension will be sought once there is clarity regarding the effect of the ICSID award and the Company’s ability to publish its financial statements with certainty.

Meanwhile, the Company assures all stakeholders that the Company is trading as normal and will shortly publish a trading update providing a historical and current position.

Accordingly, shareholders are advised to exercise caution when dealing in the Company's shares until a further announcement is made."

Nov 09, 2018 ECO.zw | Reviewed Financial Results HY19

Financial Highlights:
- Revenue $ 600 272 000
- Profit from operations $ 196 509 000
- Profit before tax $ 193 920 000
- Profit for the half year $ 123 559 000
- Dividend per share 1.158 US cents
- Total comprehensive income for the half year $ 123 559 000
- Basic and diluted earnings per share 5.1 US cents

Nov 09, 2018 ECO.zw | Dividend Announcement

Details:
- Date Announced :Friday, 9 November 2018
- Dividend declared for the period :31 August 2018
- Dividend Amount per share :1.158 US cents
- Dividend Record Date :23 November 2018
- Last day to trade cum-dividend :20 November 2018
- Dividend ex-date :21 November 2018
- Dividend Status :Declared
- Dividend Payment Date :27 November 2018
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :Nil
- Scrip Dividend Offer Term :None

Nov 08, 2018 DLTA.zw | Unaudited Financial Results HY19

Financial Highlights:
- Revenue $ 341 417 000
- Operating income $ 65 597 000
- Profit before tax $ 75 818 000
- Profit for the period $ 57 215 000
- Interim dividends paid 4.5 US cents
- Total comprehensive income for the period $ 57 215 000
- Attributable earnings per share 4.63 US cents
- Fully diluted earnings per share 4.57 US cents

zw_DLTA_2019_HY

Nov 08, 2018 OKZ.zw | Unaudited Financial Results HY19

Financial Highlights:
- Revenue $ 330 105 245
- Profit before tax $ 11 576 591
- Profit for the period $ 8 434 874
- Dividend per share 0.35 US cents
- Total comprehensive income for the period $ 8 417 129
- Attributable earnings per share 0.71 US cents
- Headline earnings per share 0.70 US cents

zw_OKZ_2019_HY

Nov 08, 2018 OKZ.zw | Dividend Announcement

Details:
- Date Announced :Thursday, 8 November 2018
- Dividend declared for the period :30 September 2018
- Dividend Amount per share :0.35 US cents
- Dividend Record Date :23 November 2018
- Last day to trade cum-dividend :20 November 2018
- Dividend ex-date :21 November 2018
- Dividend Status :Declared
- Dividend Payment Date :29 November 2018
- Tax Status :Gross
- Withholding tax :10%
- Scrip Dividend Offer :Nil
- Scrip Dividend Offer Term :None

Nov 08, 2018 ECO.zw | Notice of EGM and Circular to Shareholders

In terms of the Company’s Memorandum and Articles of Association, notice is hereby given that an Extraordinary General Meeting of shareholders of Econet Wireless Zimbabwe Limited will be held at 1000 hours on the 29 November 2018 at 2 Old Mutare Road, Msasa, Harare.

The Circular relates the following proposed transactions:

a) The disposal of the 51% stake the Company holds in Data Control and Systems (1996) (Private) Limited trading as Liquid Telecommunications Zimbabwe in exchange for shares in Liquid Telecommunications Holdings Limited (“LTZ”) worth US$135,000,000.00;

b) The proposed conversion of 1,166,906,618 debentures in issue into ordinary shares on the basis of ninety three point three (93.3) new ordinary shares for every one hundred (100) debentures held, the termination of the Econet Wireless Zimbabwe Limited (“EWZL”) Debenture Trust Deed in relation to those debenture holders who accept the offer of conversion, and the listing and admission of the shares issued pursuant to the debenture conversion;

c) The demerger from EWZL (the mobile network operations business), of the Company’s Technology business under a new holding company called Cassava SmarTech Zimbabwe Limited (“CSZL”); and

d) The listing and admission of the issued ordinary shares in CSZL on the Zimbabwe Stock Exchange Limited (“ZSE”) separately from the Listing of EWZL shares.

zw_ECO_Abridged-Circular_Nov_18   zw_ECO_Full_Circular_Nov_18

Nov 02, 2018 SIM.zw | Notice of Changes to the Board

Resignations:
The Chairman of the Board of Directors announces the resignation of Mr. Salim Eceolaza from the Board of Directors effective 28 September 2018. Mr. Eceolaza was the Group Finance Director of the Company having joined the Board in 2015. He has now been appointed the Managing Director of Simbisa Brands Kenya Limited.

Messrs. Leighton Shaw and Manoli Vardas have retired from the Board with effect from 1 July 2018 and 28 September 2018 respectively. Mr Leighton Shaw is an Executive responsible for Commercial Affairs and Mr. Manoli Vardas is an Executive for Operations.

Appointment of new Finance Director
Mr. Baldwin Guchu has been the appointed the Group Finance Director of Simbisa Brands Limited with effect from 1 December 2018.

Acting Finance Director
Mr. Divine Chikobvu was appointed acting Finance Director for the period 28 September 2018 to 30 November 2018.

SIM_Notice_to_Shareholders_-_02_Nov_2018

Nov 01, 2018 RIOZ.zw | Cautionary Statement (Update 1)

Further to the cautionary statement published on the 10th of October 2018, the Board of RioZim Limited would like to update the Company’s shareholders, all other stakeholders and members of the public that, the challenges arising from the Company’s inability to access sufficient foreign currency to support its operations remain an issue. However, discussions on this matter are on-going with the Reserve Bank of Zimbabwe.

In the meantime, the Company’s operations at Cam and Motor Mine, Dalny Mine and Renco Mine involuntarily stopped operations until sufficient foreign currency can be accessed.

In addition to the engagements with the Reserve Bank of Zimbabwe, the Company, directly and via the Chamber of Mines is also engaging the Ministry of Finance, the Ministry of Mines and other key stakeholders in order to resume operations as soon as is possible.

In the interim, the Directors advise the shareholders of RioZim Limited, all other stakeholders and the public to exercise caution and consult their professional advisors when dealing in the shares of the Company.

RIO_ZIM_Cautionary_Update_1_Nov-2018

Oct 31, 2018 PGIN.zw | Completion of Secondary Scheme of Arrangement

Stakeholders of PG Industries (Zimbabwe) Limited ("PG") are advised that the Secondary Scheme of Arrangement of PG was duly registered by the Registrar of Companies on 19 October 2018.

In line with the provision of the Scheme of Arrangement, the various classes of creditors and the shareholders have been paid as follows:

1. Secured Creditors
A total amount of $ 1,643,746.00 was paid to the Secured Creditors.

2. Preferred Creditors
A total of $ 1,183,803.00 was paid to Preferred Creditors.

3. Concurrent Creditors
For payment purposes, Concurrent Creditors have been classified into foreign concurrent creditors and local concurrent creditors.

a) Local Creditors
A total of $ 2,731,472.00 was paid to local concurrent creditors.

b) Foreign Creditors
A total of $ 177,648.00 was paid to foreign creditors.

4. Statutory Creditors
An amount of $ 3,765,659.00 was set aside to pay statutory liabilities.

5. Shareholders

i. Payment of PG Shareholders
A sum of $ 500,000.00 has been transferred to First Transfer Secretaries to pay shareholders as and when they surrender their share certificates and submit their bank details. Shareholders entitled to receive payment are advised to submit their bank details to First Transfer Secretaries in order to receive their payment in terms of the Secondary Scheme.

ii. Cancellation of old PG shares and issuance of new shares to Dewei Investments
Since all creditors in the Secondary Scheme and following transfer of funds to pay all shareholders, First Transfer Secretaries have cancelled all shares held by existing shareholders and are proceeding to issue new shares to Dewei Investments. Dewei Investments will own 100% of "PG" shares.

Accordingly, the Secondary Scheme of Arrangement has been successfully concluded.

PGIN_Secondary_Scheme_Update_31_Oct_2018

Media Centre

Nov 12, 2018 BRDR.zw | Statement by the Zimbabwe Stock Exchange

12 November 2018

The Zimbabwe Stock Exchange Limited (“ZSE”) hereby notifies the investing public of the voluntary suspension...

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