The Directors of First Merchant Bank PLC (“FMB”) wish to provide an update to their shareholders and other stakeholders with respect to the agreement that was signed between FMB Capital Holdings PLC (“FMBCH”) and Barclays Bank PLC (BBPLC), pursuant to which FMBCH will acquire from BBPLC a controlling shareholding in Barclays Bank of Zimbabwe Limited (“BBZ”) (“the Transaction”).
Shareholders and the public are advised that the Transaction remains subject to certain statutory, regulatory and other approvals and, as such, they should continue to exercise caution and to consult their professional advisors when dealing in the shares of FMB.
Further details regarding this Transaction will be made available in the circulars of FMB and BBZ to be published in due course.
By order of the Board
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