Econet Wireless Zimbabwe Limited (Econet) has announced a voluntary delisting from the Zimbabwe Stock Exchange (ZSE) and a subsequent listing on the Over-The-Counter (OTC) platform operated by the Victoria Falls Stock Exchange (VFEX). The decision follows concerns over the company’s valuation, with Econet citing a persistent discount compared to regional peers. Shareholders who elect not to remain invested in the company will be offered a single, indivisible consideration of US$0.50 per share, comprising a cash component of US$0.17 and a share component of US$0.33, settled through the issuance of one Econet InfraCo share for every Econet share tendered.
The delisting is subject to shareholder approval at an Extraordinary General Meeting (EGM) on February 26, 2026. The Exit Offer is conditional upon the approval and implementation of the voluntary delisting.
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Book NowEconet InfraCo, a wholly-owned subsidiary, will be listed on the VFEX by way of introduction. The company aims to unlock value for shareholders and provide a more focused investment opportunity in its real estate, passive telecommunications infrastructure, and renewable energy assets.
Shareholders should review the circular and attend the EGM or submit a proxy form. Certificated shareholders who wish to participate in the Exit Offer must complete and submit a Form of Election.
The company has set timelines for the process to be completed. The Exra-Ordinary General Meeting (EGM) is set for February 26, 2026. The last date to trade cum-dividend is February 11, 2026, while the Ex-Dividend Date is February 12, 2026. The payment date has been set for on or about March 24, 2026.
Econet’s decision to delist from the Zimbabwe Stock Exchange (ZSE) is expected to unlock value for the company. The move is part of a broader restructuring aimed at addressing the company’s persistent valuation discount. By spinning off its infrastructure assets into a new entity, Econet Infrastructure Company Limited (Econet InfraCo), and listing it on the Victoria Falls Stock Exchange (VFEX), Econet aims to provide clearer visibility of its asset values and attract investors who value infrastructure and real estate assets more appropriately
