Zimbabwe: Innscor Approves Indigenisation Plan

27 January 2014

INNSCOR Africa Limited shareholders last Friday approved the company's indigenisation compliance plan that will result in the sale of 12,87 percent of the company's issued share capital to indigenous partners.

The diversified conglomerate will increase its issued share capital from 800 million ordinary shares to 800 million shares, and 1 000 non-voting Class A ordinary shares for the employee share scheme.

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