Investor FAQs

The Circular to Shareholders will outline the offer. The ZSE trades in ZWG. Currently, there is no other option available if someone were to exit.

The assumption here is that the VFEX will solve the problem of liquidity and fair valuation. The private option allows that part of the business to find alternative ways to achieve the required valuation principles according to parameters agreed to by the shareholders.

The options and opportunities are discussed in the Circular, which will be available soon.

The options and opportunities are discussed in the Circular, which will be available soon. A premium supposes that had the minorities stayed in the listed entity, there would have been opportunities for them to realise such a premium.

Timing is discretionary. It depends on the conditions prevailing in the markets.

These matters are adequately covered in the Listings Rules, which we assume knowledgeable investors and their advisors have full access to.

These matters will be dealt with in the Memo and Articles, which is the "constitution" governing the relationship between shareholders.

This is what the board has been doing. At some point, you reach a terminal point where the share register is no longer a good reflection of a deep institutional base. We have reached that point. Compare the register from 5 years ago and what it reflects now.

It was considered and it was not considered to be in the best interest of shareholders.

This has been demonstrated in so many case studies across the continent and in the world. This type of corporate restructuring is not new.

There was an argument previously that it was because the company was not paying regular dividends. That was addressed. Our research shows that even those companies that do so remain undervalued. The problem is structural and not related to a particular institution. Please refer to research reports published by various analysts.

Questions and briefings can only be meaningful once a Circular is issued to shareholders. Shareholders will be appropriately engaged.

There are proven strategies of how to monetize TowerCos. You need to start with an anchor customer. This is not a disadvantage. It is one of the greatest advantages that we have.

The way it has always been funded.

It is a great question because it is one of the main reasons a transaction like this is necessary. A proper valuation gives credibility for capital raising transactions of any nature.

This is a fundamental question which is not in any way affected by the transaction.

These matters will be dealt with in the Memo and Articles, which is the "constitution" governing the relationship between shareholders. This document is voted upon by shareholders.

These matters are covered in the Circular to Shareholders which will be out soon. Most commentaries are premature because people are commenting on their fears but without appreciating that once a decision has been made, a cautionary is required. That cautionary, precedes a full Circular. Such a Circular then provides fuller information for investors to make decisions. Such decisions are not based on public sentiment but affect the rights and obligations of shareholders. Exchanges always have rules to protect investors, particularly minorities. Therefore, some of the fears are unfounded as there a protections already built into the process.

The options and opportunities are discussed in the Circular, which will be available soon.

These issues discussed in the Circular, which will be available soon. This matter is not affected by this transaction.