MEIKLES
LIMITED
FURTHER CAUTIONARY STATEMENT
Further to the Cautionary Statement published by Meikles Limited
on 8 March 2017, the Directors of the
Company advise shareholders that discussions relating to a possible
offer to shareholders of Meikles Limited and the subsequent
delisting from the Zimbabwe Stock Exchange (“ZSE”), remain ongoing
(“the Proposed Transaction”).
Shareholders are advised that the offer now under consideration
has been made to ‘ALL SHAREHOLDERS’ by Albwardy Investment, an
entity based in Dubai, with
business interests in hospitality, retail and agriculture.
Shareholders are further advised that the Proposed Transaction
can, however, not be formalised until the audited financials for
the year ended 31 March 2017 (“2017
Financials”) are made public. The Company is expediting this
process and it is anticipated that the 2017 Financials will be made
available during the first half of May
2017.
The Directors, therefore advise shareholders of Meikles Limited
to continue to exercise caution when dealing in the shares of
Meikles Limited until a further announcement in this regard is
made.
Thabani Mpofu
Company Secretary
7 April 2017