This abridged circular contains a renounceable and fully underwritten Rights Offer by EcoCash Holdings Zimbabwe Limited to the registered holders of ordinary shares in EcoCash Holdings Zimbabwe Limited as at 18 August 2023 to subscribe for 1,604,220,688 ordinary shares at a subscription price of US$0.0189 per each share, on the basis of 61.925 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.
ENCLOSED IN THIS ABRIDGED CIRCULAR IS A NOTICE OF EXTRAORDINARY GENERAL MEETING
Notice is hereby given that an Extra-Ordinary General Meeting of the members of EcoCash Holdings Zimbabwe Limited will be held at the Registered Office of the Company at 1906 Liberation Legacy Way, Borrowdale, Harare, Zimbabwe on 7 August 2023 at 10:00 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.
Shareholders are referred to paragraph 24 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 in the Corporate Information section of this Abridged Circular, 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applicable, their reports being included, in the form and context in which they appear in this Circular and have not withdrawn such consent prior to the publication hereof.
A copy of this Abridged Circular, together with the EGM notice, were lodged and approved by the ZSE.
Date of issue: 24 July 2023
