Print
Email Article
"RIOZIM is planning to embark on a private placement to recapitalise its business but awaits shareholders’ approval at its upcoming AGM."
RIOZIM is planning to embark on a private placement to recapitalise its business but awaits shareholders’ approval at its upcoming AGM.
This comes after the mining concern has identified prospects and projects that if capitalised will significantly increase the number and scale of its operations and portfolio.
“We seek right to select and engage prospective partners with necessary financial and strategic fit,” the group said in a notice.
The AGM will be held on May 28, 2009 of which an EGM will be held immediately to approve an employee share option scheme.
According to the conditions of the share option scheme every employee will be entitled to shares but with the discretion of the remuneration committee.
The shares will be purchased at the ruling price on the ZSE and granted in annual trenches.
RioZim, a signicant gold miner, is also a shareholder in Murowa Diamonds one of the largest diamond producers in Zimbabwe.
This comes after the mining concern has identified prospects and projects that if capitalised will significantly increase the number and scale of its operations and portfolio.
“We seek right to select and engage prospective partners with necessary financial and strategic fit,” the group said in a notice.
The AGM will be held on May 28, 2009 of which an EGM will be held immediately to approve an employee share option scheme.
According to the conditions of the share option scheme every employee will be entitled to shares but with the discretion of the remuneration committee.
The shares will be purchased at the ruling price on the ZSE and granted in annual trenches.
RioZim, a signicant gold miner, is also a shareholder in Murowa Diamonds one of the largest diamond producers in Zimbabwe.
|
|
|
|
|
|
|
