d and issued share capital of the company has now been consolidated into 800,000,000 and 712,268,735 ordinary shares respectively, while the nominal value of the consolidated ordinary share has been re-denominated from 0,005 cents to 5 cents by capitalizing $35,577,823 from the revenue reserves to the share capital account.
Going forward, the short-term profitability of the company is in indeterminate state following the capping of mark ups.
Stocking levels are below the traditional cover, with empty shelves characterizing the majority of its outlets – a mirror of the effect of price controls on the entire retail industry. – CAJ News
20.9.2007
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OK plans ratified
HARARE - OK Zimbabwe shareholders have ratified the long-awaited share consolidation and buyback resolutions at the AGM held on 8 August 2007.
The consolidation reduces the shareholder spread and is anticipated to reduce 'excessive' volatility to the counter.
OK Zimbabwe said the authorize