WestProp Offers Shareholders Scrip US Dollar Dividend

Westprop Holdings Limited Chief executive officer Mr Ken Sharpe

Diversified property firm WestProp Holdings Limited has declared an 83.33 US cents dividend for the period ending December 31, 2023, payable in cash or scrip.

The dividend will be paid from the company’s retained earnings.The company’s offer allows shareholders to increase their stake in WestProp by opting for shares instead of a cash dividend.

The scrip dividend has been approved in accordance with the company’s constitution and was unanimously endorsed by shareholders.

Shareholders can choose to be paid either in cash or scrip, with no option for partial selection of the payment method.

The amount available for conversion to capital is US$25 million.

The dividend payment is scheduled for Friday, February 28, 2025.

John Tanyanyiwa

Business

Zimplats Announces Leadership Transition as CEO Alex Mhembere Retires

Zimplats Holdings Limited has announced a change in executive leadership, with Chief Executive Officer Alex Mhembere retiring effective 1 November 2026. According to an ASX market announcement released on 30 October, Mhembere’s retirement arrangements were finalised on 30 October 2026. He will remain as Chairman of the Group’s operating subsidiary, Zimbabwe Platinum Mines (Private) Limited […]

Read More
Business

Zimplats Reports Mixed Performance in Q2

Zimplats Holdings Limited has released its quarterly report for the period ended 30 September 2026, revealing a mixed bag of results. The company’s mined volumes decreased by 5% from the prior quarter, while milled volumes dipped by 4%. However, the 6E head grade remained stable, both quarter-on-quarter and year-on-year. On the safety front, Zimplats recorded […]

Read More
Business

Invictus Energy Advances Musuma-1 Drilling Campaign

Invictus Energy Ltd, an independent oil and gas exploration company, has announced the successful completion of the rig move to the Musuma-1 exploration wellsite within its Cabora Bassa Project in Zimbabwe. Exalo relocated Rig 202 from the Mukuyu-2 wellsite and completed all wellpad construction, civil works, and access road upgrades. With the rig now on […]

Read More