Zim Now Reporter
OK Zimbabwe Limited has confirmed that it is close to finalising a capital raise of up to US$30 million, with negotiations now at an advanced stage.
The retail giant shared the update in a further cautionary statement issued on June 4, 2025, following its initial announcement on May 2. The company’s board indicated that full transaction details will be disclosed once all processes are complete.
“Discussions regarding the proposed capital raise... are now at an advanced stage and are nearing finalisation,” the statement read. “Further details will be announced in due course.”
Once finalised, the company plans to issue a circular to shareholders, along with a notice for an Extraordinary General Meeting, where shareholders will be asked to approve the proposed transaction.
Until then, the company has urged both shareholders and the investing public to remain cautious when trading in OK Zimbabwe shares. Additional updates will be issued in line with regulatory requirements as significant developments occur.
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