Zimplow board approves final dividend of ZWL10.48 cents per share

The Company has fixed June 21, 2021, as the date for the purpose


HARARE – Zimplow Holdings Limited has declared a final dividend of ZWL10.48 cents per share payable in respect of all issued ordinary shares of the company for the financial year ended 31 December 2020.

In a regulatory filing to shareholders published on the local bourse website, the company said the dividend will be payable on or about June 21, 2021, to shareholders of record on June 18, 2021.

“The Company’s shares will be traded cum-dividend on the Zimbabwe Stock Exchange up to the market day of 15 June 2021 and ex-dividend as from 16 June 2021,” the Company said.

Shareholders are requested to submit their banking details to the Company’s Transfer Secretaries, Corpserve, 2nd Floor, ZB Centre, Kwame Nkrumah Avenue, Harare.

Zimplow Holdings Limited manufactures and markets a diverse range of products for the construction, infrastructure and agricultural sectors in Zimbabwe. It also manufactures and distributes metal fasteners for the mining, construction and agricultural sector, and has interests in property management and leasing.

The Farming division consists of three business units; Mealiebrand, Farmec and Afritrac which oversee the manufacturing of animal-drawn equipment and tractors, and spare parts for agricultural equipment. The Mining and Infrastructure division manufactures and distributes mining equipment, spare parts and related products through four divisions; Barzem, Mealie Brand, CT Bolts and Farmec.

Zimplow is also a marketing and distribution agent in Zimbabwe for Massey Ferguson, Valtra, Caterpillar, Perkins, Falcon, Challenger, Vicon and Monosem.

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