Archive for October 2020

EDGR.zw | Announcement of results of the Renounceable Rights Offer

9 October 2020 The following are the results of the Edgars Stores Limited Rights Offer which closed on 21 August 2020. Number of Rights Offer shares 274 658 112 Ordinary Rights Offer Shares subscribed 144 291 331 Percentage Subscription 53% Percentage taken by the Underwriter 47% Ordinary Shares issued to the Underwriter 130 366 781 The shares were issued ...

EDGR.zw | Issuance of Shares to Settle Rights Issue Underwriting Fees

9 October 2020 The Board wishes to advise its stakeholders that 5 493 162 new ordinary shares, being 2% of the 274,658,112 Rights Offer Shares, will be issued from the 95 752 219 ordinary shares of the balance of the authorised but unissued ordinary shares of the Company ...

EDGR.zw | Reviewed inflation adjusted interim financial results: 26 weeks ended 5 July 2020

9 October 2020 Group Chairman’s Statement The statement is prepared on the basis of inflation adjusted numbers. Business Overview Material disruptions stemming from COVID-19 had a significant impact on the group’s performance, most significantly in April and May due to enforced lockdowns.Since then sales have been steadily recovering. Units sold to ...