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How can any shareholder in Econet Wireless Zimbabwe Limited reasonably oppose a proposal for the company to move to Over-the-Counter trading, with:
•a reserve price benchmarked against regional telecommunications peers, and
•a company commitment to buy back up to 10% of its issued shares annually?
Let’s be clear: delisting does not mean Econet becomes a private company.
The company will remain public — just unlisted.
Shareholders will still:
•receive published financial statements,
•be required to approve major corporate actions, and
•enjoy full minority protections against oppressive or unfair conduct.
These rights do not disappear simply because a company moves off a formal exchange.
Please don’t be misled by commentary from those who do not understand basic corporate law. This proposal strengthens shareholder value and liquidity — it does not weaken shareholder protections.