MTNZF - unwind scheme of arrangement finalisation
MTN Zakhele Futhi ("MTNZF") announced the finalisation of its scheme of arrangement, whereby it will repurchase all issued ordinary no par value shares, excluding three specific shares, at ZAR0.15 per share. An additional Agterskot Payment of ZAR0.08 per share will be paid, subject to the final NAV calculation, resulting in a total gross payment of ZAR0.23 per share. The total net payment, after 20% dividends withholding tax, will be ZAR0.184. The scheme has received all necessary approvals and is now unconditional, with delisting of MTNZF shares scheduled for 17 February 2026. Shareholders should note the key dates for trading, payment, and delisting procedures.
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