We have been instructed by Dr. James Makamba our client and
owner of investment vehicle known as Kestrel Corporation (Private) Limited to
correct certain factual inaccuracies in media reports which claim that an Extra
Ordinary General Meeting was held on the 7th of June 2018 at 8:30am at Telecel
Zimbabwe (Private) Limited boardroom wherein our client Dr. James Makamba is
alleged to have sold his Equity in Telecel Zimbabwe (Private) Limited and that
he agreed to step down as Chairman of the Board of Telecel Zimbabwe (Private)
Limited and as Director in Telecel Zimbabwe (Private) Limited.
Our instructions are
that our client has never resigned a Director or Chairman of the Board of
Directors of Telecel Zimbabwe (Private) Limited . Further that, no Extra
Ordinary General Meeting of Telecel Zimbabwe (Private) Limited took place on
the 7th of June 2018 and, our client denies disposing off any of his Telecel
Zimbabwe (Private) Limited Shares to anyone neither has he received any
consideration in exchange of such purported transaction.
Lastly, our client
instructs that at one stage he wanted to sell his Equity to certain consortium
which failed to fulfil the terms of their conditional purchase and sale
agreement which saw him writing a conditional letter of resignation which could
only have been effective upon meeting of conditions in the conditional
agreement of sale.
Chinya & Partners
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