Eswatini Mobile Trust Limited
SMV Office Park
Dear Qualifying Shareholders
The office of the Curator would like to thank all of you who attended the meeting at Mavuso Sports Centre on the 15th of September 2018.
We appreciate the contributions you made in that meeting. Your comments and suggestions will be taken into consideration going forward. We listened to them attentively. I undertook to keep you informed of progress from time to time.
On assumption of office, I have established that, indeed a company, Swazi Mobile Trust Limited has been incorporated. It will be the custodian of your shares in Eswatini Mobile Limited. This company will be used as a vehicle to hold your 1% shareholding, up until the listing process is complete. After the listing process, it is only then, that I will facilitate the issuing of individual share certificates, which will reflect 60 shares per qualifying shareholder.
The certificate cannot be issued yet, as Eswatini Mobile Limited, has not made profit. In terms of the Swaziland Stock Exchange regulations, you cannot list a company that is not at a profit-making stage. It is anticipated that this issue will be reviewed once the next set of financial statements are produced. This is anticipated to be at the end of the second quarter, next year.
I will keep you abreast of developments from time to time.