Ariston Zimbabwe Main Shrhlder Seeks to Boost Stake: The Source

July 20, 2016


Origin Global Holdings proposes increasing stake via debt-to-equity transaction, Harare-based website reports, citing co. statement.

* Shareholders to vote on transaction at August 10 EGM;
* Proposed deal includes a waiver of $1.5m interest by Origin and Afrifresh;
* Remainder of shareholder debt of $4m to be converted at $0.018 into 222.2m shrs, all issued to Origin
* Origin holds ~68% of Ariston. Source: Bloomberg