AICO Africa rebrands to Cottco Holdings

AICO Africa rebrands to Cottco Holdings
Published: 03 March 2014

The Zimbabwe Stock Exchange listed firm AICO Africa Lt has rebranded to Cottco Holdings Ltd with effect from today.

The company said shareholders had approved the name change.

"The Board of directors and management wishes to notify shareholders, stakeholders and the public that fol- lowing approval of a name change by shareholders at an Extraordinary General Meeting (EGM) held on 20 December 2013, AICO Africa Ltd has changed its name to Cottco Holdings Ltd and its address has changed to Number 1 Lytton Road, Workington, Harare...," said company secretary Pious Manamike.

The rebranding is a result of an unbundling process that was achieved after the company's shareholders late last year approved a rights offer and a series of other transactions that were aimed at re-capitalising the new entity (Cottco Holdings Ltd).

The rights offer, which aimed to raise $15 million was subscribed by 94,57 percent. In the full year to 31 March 2013, Aico reported an after tax loss loss $2 million.
- BH24
Tags: Aico, Cottco,


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