TNM | Removal of Cautionary statement

By Published On: September 24th, 2010Categories: Corporate announcement

In the cautionary announcement dated 17th March 2010, and the follow-up cautionary announcement on 28th April 2010, the general public and shareholders were advised to exercise caution when dealing in the company’s securities pending the outcome of negotiations with potential strategic partners.

Despite TNM receiving a considerable level of interest from several potential strategic partners, the directors and major shareholders have decided to suspend the process pending the completion of the on-going business expansion programs which are aimed at increasing company value. In their opinion, shareholder value will be enhanced through maintaining the status quo in the ownership structure in the short to medium term whilst awaiting the potential upside benefits of a number of positive developments emerging in the telecommunications landscape in the region.

Chairman of the Board

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.

Telekom Networks Malawi Limited (TNM.mw)

Share price: 1,422.00 Tambala ▲ (1.00 | 0.07% – 28/03/23)

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