Mutasa ups stake in Masawara

Business mogul Shingi Mutasa has through FMI Holdings Private Limited increased his shareholding in Masawara plc to 51.32% of the company issued share capital.

According to the Jersey registered investment company, FMI, a company controlled by Shingai Mutasa, who is a director of Masawara, purchased 1.476.243 ordinary shares worth USD0.01 each of the company's ordinary shares in November last year for 53 pence per share.

Pursuant to the purchase, FMI now holds 63.158.373 ordinary shares representing approximately 51.32% of Masawara's issued share capital.