First Mutual Properties Weighs Possible Delisting From ZSE

 

First Mutual Properties Limited has issued a cautionary statement advising shareholders and the investing public to exercise care, as the company considers a potential transaction that could result in its delisting from the Zimbabwe Stock Exchange.

In the notice, the company said it is “currently engaged in negotiations and/or evaluating a potential transaction to delist from the Zimbabwe Stock Exchange,” warning that the outcome of the process may have a material impact on the price of its securities.

The board stressed that discussions remain at an early stage and are not yet finalised.

“The transaction is still at a preliminary stage and remains subject to the conclusion of negotiations, execution of definitive agreements, and the receipt of the necessary regulatory and shareholder approvals, where applicable,” the company said.

First Mutual Properties said shareholders and potential investors should remain cautious when trading in the company’s shares until a full and formal announcement is made.

“Accordingly, shareholders and the investing public are advised to exercise caution when dealing in the Company’s securities until a full announcement is made,” the statement reads.

The company further committed to keeping the market informed in line with listing rules.

“The Company will issue further announcements in compliance with the Zimbabwe Stock Exchange Listings Requirements as and when there are material developments,” the board said.

The cautionary statement was issued by Company Secretary Dulcie Kandwe on behalf of the board on 26 February 2026.