MIK Meikles Limited

 
TIDMMIK 
 
MEIKLES LIMITED 
 
                            NOTICE TO SHAREHOLDERS 
 
The Board of Meikles Limited ("Meikles/ the Company") has been notified by the 
Moxon Group that they have exchanged their combined shareholding in Meikles 
into one entity Gondor Capital Limited ("Gondor"), a non-resident entity. 
Gondor's shareholding is 100% held by the Moxon Group which means that there is 
no change in the underlying beneficial ownership of their shareholding in 
Meikles. The transaction also has no effect on the Company's indigenisation 
status. This transfer consolidates the Moxon Group's investment in Meikles into 
one investment vehicle, the position that pertained prior to the 2007 merger. 
 
The Company is aware that the Reserve Bank of Zimbabwe has sanctioned this 
transaction and that the Zimbabwe Stock Exchange has been advised as 
appropriate. Meikles has been advised by the Moxon Group that the rationale for 
this transaction is to mobilise substantial capital for the Company in the 
international capital markets. The Group would like to thank all the 
Governmental authorities in Zimbabwe, including the Ministry of Youth 
Development, Indigenisation and Empowerment and the Reserve Bank of Zimbabwe, 
for their foresight and understanding in supporting the transaction. 
 
The Board will keep shareholders updated on developments as they occur. 
 
BY ORDER OF THE BOARD 
 
16 January 2012 
 
 
 
END 
 

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