WestProp Holdings Limited, a listed entity on the Victoria Falls Stock Exchange, concluded its Exit Offer at 4:00 pm on 9 October 2026.
The Exit Offer attracted valid acceptances for 427,389 shares, equivalent to approximately 1.4% of the company’s issued share capital and 5.3% of minority shareholders. Upon settlement, the corresponding minority shares in Alpha Holdings Africa will be transferred to Alpha Holdings in exchange for WestProp Holdings Limited shares currently held by Alpha Holdings.
The exit offer price is set at USD 7.73914 per Alpha Holdings Africa share, a 200 % premium to net asset value, and will be settled using Alpha Holdings shares in WestProp. Alpha Holdings, which owns 22,000,215 WestProp shares (73.33 % of the company), will transfer 1,164,175 WestProp shares to the minority shareholders who accepted the offer. After the transaction, Alpha Holdings will retain 69.45 % of WestProp while minorities will hold 30.55 %.
The transfer secretaries have initiated processing of the share transfers. Concurrently, the company has declared a cash dividend of USD 1,806,826 for the financial period ended 30 June 2026, equating to USD 0.0602 per share across 30,000,000 ordinary shares. Shareholders who participated in the Exit Offer are entitled to this dividend. To align with the Exit Offer’s extended settlement, the dividend timetable was revised: Last Day to Trade Cum-Dividend is now 21 October 2026, Ex-Dividend Date is 22 October 2026, Record Date is 23 October 2026, and Payment Date is 28 October 2026.
The settlement date for the Exit Offer was extended from Monday, 12 October 2026 to Friday, 16 October 2026, to finalize the settlement and complete the transaction, updating the process and timelines accordingly.
WestProp Holdings Limited is applauded for successfully concluding its Exit Offer. The company’s strategic move to restructure its shareholding and deliver liquidity to minority shareholders is reflected in the 1.4% of issued share capital and 5.3% of minority shareholders who opted in.
