+260 211 292995 info@carecoop.co.zm

Shares

The Share Offering Prospectus has been drawn up and published by Care Cooperative Savings and Credit Society Ltd (a cooperative formed under the Cooperative Act of the Laws of Zambia, having its registered address at Plot 9696, East Road, Off Munali Road, Chudleigh, Lusaka, Zambia, hereinafter called “CareCoop”).

CareCoop is offering up to 100 shares per qualifying member (the Offer Shares) to all its eligible members on an equal basis as required by the Cooperative Act and CareCoop Bi-laws (the Offering). The Shares are offered for the price of ZMW542.00 per Share (the Offer Price), of which ZMW50 is the nominal value of one Share. The Shares may be subscribed for during the period commencing on 15 April 2019 and ending on 30 September 2019 (the Offering Period) in accordance with the terms and conditions described in the Prospectus.

CareCoop will not apply for the listing and the admission to trading of all its shares on any Stock Exchange, as the laws under which CareCoop is incorporated do not allow it to trade as such. The initial Offer is being made to CareCoop eligible members only on an equal basis, and there will not be public offering of the Shares. In an event that the initial Offering is not fully subscribed, CareCoop will extend an additional Offer to eligible members to up take the remaining Shares on an equal basis until they are fully subscribed.

CareCoop reserves the right to cancel the Offering or change the terms and conditions thereof as described in the Prospectus.

It is estimated that trading with the Shares will commence on or about 15 April 2019. CareCoop eligible members who wish to subscribe for the shares can do so through completing the necessary subscription form, indicating whether they will finance the acquisition of the shares via Point of Sale (POS), Cheque, Bank Transfer, Offsetting against Savings or through submitting a duly completed Share Financing Loan which is available from CareCoop to all qualifying members.

INVESTING INTO THE SHARES INVOLVES RISKS. WHILE EVERY CARE HAS BEEN TAKEN TO ENSURE THAT THE PROSPECTUS PRESENTS A FAIR AND COMPLETE OVERVIEW OF THE RISKS RELATED TO CARECOOP, THE OPERATIONS OF THE COOPERATIVE AND TO THE SHARES, THE VALUE OF ANY INVESTMENT IN THE SHARES MAY BE ADVERSELY AFFECTED BY CIRCUMSTANCES THAT ARE EITHER NOT EVIDENT AT THE DATE HEREOF OR NOT REFLECTED IN THE PROSPECTUS.