MAY 1 2017: CARE COOPERATIVE SAVINGS AND CREDIT SOCIETY LTD
Care Cooperative Savings and Credit Society Ltd (Incorporated in the Republic of Zambia under the Society Act of 1998) is offering up to 62,000 shares to its members Price ZMW481.65 per Share Subscription period I May 2017 – 31 October 2017 This 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, Off Munali Road, Chudleigh, Lusaka, Zambia, hereinafter called “Care Coop”).
Care Coop is offering up to 62,000 shares (the Offer Shares) to all its eligible members on an equal basis as required by the Cooperative Act and Care Coop Bi-Laws (the Offering). The Shares are offered for the price of ZMW481.65 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 1 May 2017 and ending on 31 October 2017 (the Offering Period) in accordance with the terms and conditions described in this Prospectus.
Care Coop will not apply for the listing and the admission to trading of all its shares on any Stock Exchange, as the laws under which Care Coop is incorporated do not allow it to trade as such. The initial Offer is being made to Care Coop eligible members only on an equal basis, and there will not be public offering of the Shares. In an event that the Offering is not fully subscribed, Care Coop may extend an additional Offer to eligible members to up take the remaining Shares on an equal basis until they are fully subscribed.