EIZ Properties PLC (the Company) has today confirmed its intention to offer its issued ordinary shares, being 30,000,000 ordinary shares with a par value of ZMW0.01 each (Ordinary Shares),(the Offer). The Company’s shares have been duly registered with the Securities and Exchange Commission of Zambia (“SEC”) and are tradable on the quoted tier of the LuSE.
The Company's seeks to raise finance to construct a mixed-use office property to serve as its head office. The Engineering Institution of Zambia has a clear vision for its new office park facility in which the Engineering profession in Zambia will be celebrated and honoured in the design of this building.
Through the Offer described in paragraph 1.4 below, the Zambian public, specifically, local institutional investors and members of the Engineering Institution of Zambia (“EIZ”), will directly be subscribing for ordinary shares in the Company.
The quoting will respectively be at the offer price, being ZMW2.00 per. Share. The Offer will be contained in a prospectus.