Minorities biggest winners in the Econet migration to the VFEX trading platform with 3-times value uplift

STAFF WRITER

Econet Wireless Zimbabwe says minority shareholders are emerging as the biggest beneficiaries of its planned migration from the ZSE main board to the VFEX-operated OTC market.
Group CEO Dr Mboweni said early market signals show most minorities intend to remain invested, citing a compelling value proposition rather than a forced exit.
Unlike typical delistings, Econet is offering minorities the option to stay, while guaranteeing an exit at 3 times the value of the prevailing share price at the time the transaction was first announced on 4 December 2025, alongside continued transparency, regular reporting and dividends.

The migration introduces a new pricing framework that effectively re-rates the stock, setting a minimum reference price of US$0.50 per share—about three times the starting market value—providing downside protection rare in Zimbabwe’s markets.
This structure is expected to benefit long-term investors such as pension funds and insurers through price stability and ongoing dividends. Econet also plans to spin out infrastructure into an InfraCo listing on the Victoria Falls Stock Exchange at US$0.33 per share, reinforcing the message that the move is designed to unlock value rather than marginalise minority shareholders.