Colcom plans to delist from the Zimbabwe Stock Exchange (ZSE) after majority shareholder Innscor made an offer to acquire minorities’ shares in exchange for Innscor shares.
In a cautionary statement on Wednesday, Colcom’ company secretary Andrew Lorimer said:
Shareholders are advised that the Colcom Holdings Limited Board of directors has received notification from its major shareholders, Innscor Africa Limited of its intention to extend an offer to minority shareholders for the purchase of their Colcom shares in exchange for Innscor shares. It is also the intention of the Company to apply of the Zimbabwe Stock Exchange for a voluntary delisting in terms of Section 1 of the Zimbabwe Stock Exchange Listing Requirements.
Innscor holds a majority 79,27 shareholding in Colcom. Colcom was founded in 1944 and has been listed on the ZSE since 1993.
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