- Strategic Transaction Talks: In negotiations for a strategic transaction that could significantly impact its financial position and share price.
- Conditions for Transaction: Success is contingent upon due diligence, ongoing negotiations, regulatory approvals, and shareholder approvals
- Caution Advised: Shareholders are advised to exercise caution when dealing in the Company's securities until further announcements
Harare- Unifreight Africa Limited is presently engaged in negotiations pertaining to a strategic transaction that has the potential to materially impact the Company's financial position and share price.
However, the successful consummation of this transaction is contingent upon the fulfillment of several critical conditions, including the satisfactory completion of due diligence, ongoing negotiations, and the attainment of requisite regulatory and shareholder approvals.
Unifreight Africa Limited, a premier logistics and freight services provider in Zimbabwe, has exhibited a stable financial performance trajectory over the past six years, characterized by a singular instance of loss after tax in 2020.
The company's operating costs have been in tandem with prevailing inflation trends, demonstrating effective cost management and optimization strategies.
In a circular, the company cautioned “Shareholders are advised that the Transaction remains subject to, among other things, the completion of due diligence, ongoing negotiations, and any required regulatory and shareholder approvals.”
In accordance with the Zimbabwe Stock Exchange Listing Requirements, the Company is committed to maintaining transparency and keeping shareholders informed about significant developments pertaining to the transaction.
In compliance with these regulatory requirements, the Company will issue further announcements as and when there are material developments regarding the transaction.
Shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made, in order to prevent any potential misinformation or undue speculation regarding the transaction.
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