Meikles Ld - Cautionary Statement
22 February 2019 - 6:00PM
PR Newswire (US)
MEIKLES
LIMITED
CAUTIONARY
STATEMENT
The Directors of Meikles Limited
wish to advise shareholders that the Company is in discussions to
sell certain of its hospitality assets.
The proposed disposal would
constitute a “Category 1” transaction under Section 9 of the
Zimbabwe Stock Exchange listing rules. Accordingly the
Company would be seeking the approval of its shareholders for the
proposed disposal at an Extraordinary General Meeting (“EGM”) to be
convened at a future date.
The rationale of the proposed
transaction and further strategies to enhance shareholder value
would be detailed in the EGM circular.
The Directors advise shareholders
of Meikles Limited and the public to exercise caution when dealing
in the shares of Meikles Limited.
TMpofu
Company
Secretary
22 February 2019
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