Staff writer
Econet Wireless Zimbabwe Limited has announced a dividend in specie, distributing shares in Econet InfraCo to its shareholders following the conclusion of its recent Exit Offer.
The company revealed that it now holds 2.85 billion InfraCo shares, representing 95.215% of the subsidiary’s issued share capital, after only 4.785% was taken up by shareholders who opted to exit.
This fell below the 30% participation threshold that would have altered the planned distribution.
In line with prior commitments, the board has therefore approved the distribution of 754.47 million InfraCo shares to existing shareholders.
The allocation will be made on a pro-rata basis, with investors receiving 0.26482 InfraCo shares for every Econet share held.
Shareholders registered by the close of business on March 27, 2026, will qualify for the dividend. The last day to trade cum dividend is March 25, with the shares expected to trade ex-dividend from March 26.
The company noted that no fractional entitlements will be issued, with any fractions rounded to the nearest whole number.
The move effectively unlocks value for shareholders by giving them direct exposure to Econet’s infrastructure arm, while concluding a key phase of the group’s restructuring process.
