Business / Companies
Meikles Limited – Notice to shareholders
16 Jan 2012 at 03:33hrs | Views
Meikles published a notice saying the company has been notified by the Moxon Group that they have exchanged their combined shareholding in Meikles into one entity Gondor Capital, a non resident entity.
Gondor's shareholding is 100% held by the Moxon group which means 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 into one investment vehicle, the position that pertained prior to the 2007 merger.
The Moxon Group also says in a statement the transaction will, in short to medium term, mobilise upward of $200 million for capital investments into Meikles.
The RBZ has sanctioned the transaction and the ZSE has been advised as appropriate.
Gondor's shareholding is 100% held by the Moxon group which means 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.
The Moxon Group also says in a statement the transaction will, in short to medium term, mobilise upward of $200 million for capital investments into Meikles.
The RBZ has sanctioned the transaction and the ZSE has been advised as appropriate.
Source - Meikles
