Further to the First and Further Cautionary Announcements issued on 16 September 2015 and 02 October 2015 respectively, the Board of Directors of REIZ (“Board”) wishes to inform the market that the indicative expression of interest has been escalated to a firm intention to acquire a majority interest in the issued share capital of REIZ. The Board is therefore in receipt of two firm intentions to make an offer to acquire a majority interest in the issued share capital of REIZ (the “Offers”) from two unrelated parties.
The Board is reviewing both Offers and has initiated the appropriate steps and responses in line with the requirements of the Securities (Takeovers and Mergers) Rules 1993.
Shareholders will be updated of any further developments if any.
The information contained herein may be of a price sensitive nature and investors are advised to exercise caution when dealing in REIZ shares until further information is provided.
By order of the Board
Lusaka, Zambia – 22 October 2015
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Share price: 1.30 Kwacha (0.00 | 0.00% – 12/08/22
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