Frequently Asked Questions (FAQs)
Zimre Holdings Limited recently published a circular to shareholders calling for an extraordinary general meeting where shareholders will vote to approve the purchase of a majority stake in Fidelity Life Assurance as well as the consolidation of Zimre Property Investments and its subsequent delisting. If you have questions about the transaction, please send in your questions on the section below
Certainly not! The Companies and Business Entities Act [Chapter 24:31] and the ZSE Listing Rules provide guidelines to protect minority interests of shareholders who do not accept the offer.
Yes, it’s an asset rich business coupled with strong intellectuals for human capital. Innovative funding models would be key to its future expansion and growth.
Blended approach of market relatives and and asset based valuations.
It was deemed a suitable competitive strategy during the era as the economic landscape rewarded such initiatives and this was in line with the Group’s growth trajectory.
Our approach has been to retain value for all shareholders in an inflationary environment. The duration between the opening, closure and settlement of cash to would be exiting shareholders would have discredited them of their value. We believe ZPI shareholders looking to exit have a high probability of retaining value and exiting on their own terms when they dispose their new ZHL shares in the market.
There is no ZPI EGM scheduled at this point.
It remains subject to the justifications and recommendations of the Management and Board of FLA.
The Langford transaction was treated much the same way it is currently reported in the business’ financial statements.
Adjusted Asset based valuation approach was utilized.