Further Cautionary Statement: Acquisition of shareholding in Barclays Bank Zimbabwe Limited

By Published On: September 7th, 2017Categories: Corporate announcement

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

Oswald Mtokale
Company Secretary

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.