First Mutual Properties Limited (FMP) has announced plans to delist from the Zimbabwe Stock Exchange (ZSE) effective July 1, 2026, offering minority shareholders an exit opportunity at US$0.033 per share. The move, supported by majority shareholder First Mutual Holdings Limited (FMHL), aims to give FMP greater flexibility to raise capital and focus on long-term growth.
The delisting proposal, to be voted on at an Extraordinary General Meeting on June 2, 2026, will allow FMP to pursue private placements, asset-level funding, and joint ventures without ZSE listing constraints. The company will also benefit from reduced listing fees and enhanced tax planning opportunities.
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Book NowMinority shareholders can exit via FMHL’s offer, underwritten by Morgan & Co, ensuring liquidity for those wishing to dispose of their shares. The offer is open from June 3 to June 24, 2026.
The FMP board recommends shareholders support the delisting resolution, citing benefits including fair value for shares, relief from low liquidity, and a clear exit mechanism. Shareholders remaining invested will enjoy enhanced corporate governance and long-term value focus.
