Dec 28, 2017 CBZ.zw | Further Cationary Statement

Further to the cautionary statements issued by the CBZ Holdings Limited Board on 2 May 2017, 31 May 2017, 19 July 2017, 23 August 2017, 21 September 2017, 23 October 2017 and 24 November 2017, the Directors of CBZ Holdings Limited advise shareholders and other stakeholders that the regulatory matter which one of the Company’s subsidiary is involved in, is still under discussion and may, on finalization have an impact on the value of the Company’s shares.

The Directors of CBZ Holdings Limited advise the Company’s shareholders and members of the public to exercise caution and to consult their professional advisors when dealing in the shares of the Company until a further announcement is made. The Company’s shareholders and members of the public will be updated on the matter in accordance with the Zimbabwe Stock Exchange Listing Rules.

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Dec 21, 2017 CFI.zw | Board Changes

The CFI Holdings Limited Board announced the appointment of Ms Itai Valerie Pasi as the Acting Board Chairman and Mr Shingirayi Norman Chibanguza as the Acting Group Chief Executive Officer with immediate effect…

Dec 19, 2017 ARTD.zw | Audited Financial Results FY17

Financial Highlights:
– Revenue $ 33 489 000
– Gross profit $ 14 161 000
– Operating profit before interest and tax $ 5 142 000
– Profit before tax $ 3 992 000
– Profit after tax $ 2 749 000
– Dividend Nil
– Total comprehensive income net of tax $ 2 583 000
– Basic earnings per share 0.58 US cents
– Diluted earnings per share 0.58 US cents

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Dec 19, 2017 SIM.zw | Further Cautionary Statement

Shareholders are reminded that the Simbisa Brands Limited (“Simbisa” or “the Company”) Board of Directors has approved, subject to Reserve Bank of Zimbabwe, other Regulatory approvals and shareholders’ approval, the application for a secondary listing of Simbisa’s Ordinary Share Capital on the London Stock Exchange Alternative Investments Market (“AIM”) in order to access additional funding for the Company’s expansion. Further to this expansion initiative, shareholders are also advised that Simbisa is currently in negotiations for the acquisition of an international complimentary business.

Shareholders will be provided with more details regarding the transactions by way of a circular in due course. Accordingly, shareholders are advised to exercise caution and should consult their professional advisors before dealing in the Company’s shares.

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Dec 15, 2017 CFI.zw | Market Update

Details:

EXTRAORDINARY GENERAL MEETING HELD ON 13 DECEMBER 2017 IN THE MIRABELLE ROOM, MEIKLES HOTEL

1. An Extra Ordinary General meeting was held on the 13th of December 2017 in the Mirabelle Room, Meikles Hotel in terms of a duly circulated EGM notice.

2. The first item on the agenda was to remove Mr Hamish Rudland as a director from the CFI Holdings Limited Board. Mr Hamish Rudland tendered his resignation from the Board of Directors on the 12th of December 2017 and therefore no vote took place.

3. The second item on the agenda was the removal of Mr Shingirai Norman Chibanguza from the Board of Directors. A????er a poll, 52.17% of the members voted against the removal of Mr Chibanguza from the Board and he therefore remains a director.

4. Members are therefore advised that with effect from the 12th December 2017, Mr Hamish Rudland is no longer a director of CFI Holdings Limited.

MARKET UPDATE 14.12.2017

Dec 15, 2017 BARC.zw | Executive Appointment – Managing Director

Details:

The Barclays Bank of Zimbabwe Board is pleased to announce the appointment of Samuel Matsekete as substantive Managing Director of the company with immediate effect. Samuel was previously the bank’s Chief Finance Officer.

Sam Joined Barclays Zimbabwe as Financial Controller in 2007. A year later, he was appointed to the Board and assumed the role of Finance Director. Over his career within the bank Sam also held extended responsibilities that covered Risk, Compliance and Legal.

Sam’s experience prior to joining Barclays involved executive roles in organizations from advisory services, investment management, insurance, manufacturing and mining sectors. He holds a Master of Business Leadership degree from the University of South Africa, a Bachelor of Accountancy degree from the University of Zimbabwe and is an associate of the Institute of Bankers Zimbabwe. Sam is a qualified chartered accountant.

The Board and all colleagues at the bank wish Sam all the best in his new role.

Dec 08, 2017 CFI.zw | Market Update

CFI Holdings Limited issued the following Market Update:

“An Extra Ordinary General meeting was set to take place on the 6th of December 2017 in the Mirabelle Room, Meikles Hotel in terms of a duly circulated EGM notice.

The agenda for the meeting was to remove Messrs Ephraim Chawoneka and Douglas Mamvura as directors from the CFI Holdings Limited Board.

On the 5th of December 2017, Messrs Chawoneka and Mamvura tendered their resignations from the Board with immediate effect and as a result the proposed EGM was cancelled.

Members are therefore advised that with effect from the 5th of December 2017, Messrs Ephraim Chawoneka and Douglas Mamvura are no longer members of the CFI Holdings Limited Board.”

Dec 08, 2017 PWS.zw | Audited Financial Results FY17

Financial Highlights:
– Revenue $ 53 852 737
– Gross profit $ 13 307 967
– Profit from operations $ 2 310 267
– Profit before taxation $ 1 464 876
– Dividend Nil
– Total comprehensive income for the year $ 1 091 015
– Basic earnings per share 0.29 US cents
– Diluted earnings per share 0.29 US cents

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Dec 08, 2017 NTS.zw | Unaudited Financial Results HY18

Financial Highlights:
– Revenue $ 6 514 870
– Operating profit $ 239 049
– Profit from operations $ 352 116
– Profit before tax $ 329 166
– Profit for the period $ 171 499
– Dividend Nil
– Total comprehensive profit for the period $ 171 499
– Basic earnings per share 0.07 US cents
– Diluted earnings per share 0.07 US cents
– Headline earnings per share 0.07 US cents

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Dec 06, 2017 FMHL.zw | Update on Transaction to Acquire NicozDiamond Insurance Limited

Details:

Shareholders are advised that First Mutual Holdings Limited (“FMHL”) has received regulatory approval for the acquisition of the entire issued share capital of NicozDiamond Insurance Limited (“NDIL”).

The last of the Conditions Precedent having been met, the National Social Security Authority (“NSSA”) has transferred to FMHL 300,263,184 (three hundred million two hundred and sixty three thousand one hundred and eighty four) NDIL shares constituting 50.89% of the entire issued shares of NDIL. In consideration for the NDIL stake, FMHL has issued and allotted 59,813,383 (fifty nine million eight hundred and thirteen thousand three hundred and eighty three) FMHL shares to NSSA.

Accordingly, NDIL will become a subsidiary of FMHL.
NSSA is in the process of procuring an additional 177,161,256 (one hundred and seventy seven million one hundred and sixty one thousand two hundred and fifty six) NDIL shares, representing 30.03% shareholding in NDIL, from a third party. Subject to shareholder and regulatory approvals, NSSA has irrevocably undertaken to acquire and sell these shares to FMHL in terms of the Circular to FMHL Shareholders issued on 10 August 2017. FMHL shall issue and allot 35,291,087 FMHL shares in consideration for this stake.

Following the purchase of shares from NSSA, FMHL is required to make an offer to the remaining minority shareholders in NDIL.

As previously communicated, the operations of NDIL and Tristar Insurance Company Limited (“Tristar”) will be merged through the acquisition of Tristar by NDIL or through any other appropriate mechanism.

FMHL Notice to Shareholders December 2017 – Acquisition of NDIL shares

Nov 30, 2017 SACL.zw | Unaudited Financial Results HY18

Financial Highlights:
– Revenue $ 23 161 476
– Earnings before interest and tax $ 1 438 050
– Loss before taxation $ (1 261 758)
– Loss for the period $ (1 344 003)
– Dividend Nil
– Total comprehensive loss for the period $ (1 293 910)
– Basic loss per share (0.26) US cents
– Diluted loss per share (0.26) US cents

zw_SACL_2018_HY

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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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