Yes.
Econet remains a public Company, though unlisted. As a public company, Econet will continue to comply with all statutory and governance obligations, including:
- The obligation to hold an Annual General Meeting (‘AGM’) once in every 12-month period, as required by its Articles of Association and the Companies and Other Business Entities Act (“COBE”).
- The obligation to appoint external auditors at each AGM, in accordance with COBE.
- The obligation to present the external auditor’s report to shareholders at each AGM, as required by COBE.
- The obligation to maintain proper accounting records sufficient to show and explain the Company’s transactions, in terms of both the Articles of Association and COBE.
- The obligation to present the statement of financial position, statement of profit or loss and comprehensive income, and the directors’ and auditors’ reports at each AGM, as required under the Articles of Association and COBE.
Delisting does not remove these statutory responsibilities.
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