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Latest CBZ Bank News
Oct 4, 2022
10/04/2022 | 03:02am EDT Message : AMALGAMATIONNoticeOFtoCBZ BANKShareholdersLIMITED AND CBZ BUILDING SOCIETY The Board of Directors (the "Board") of CBZ Holdings Limited (the "Company") wishesWithdrawalto advise all shareholdersof Cautionaryand the investing publicAnnouncementthat the Board approved to merge the operations of CBZ Bank Limited and CBZ Building Society into one entity, CBZ Bank Limited. Shareholders are referred to the Cautionary Statements issued by We further advise that on 20 May 2022, the Minister of Finance & Economic Developmentthe CBZ Holdingsapproved theLimitedamalgamation(the Company)of CBZ BankBoardLimitedduringand CBZthe courseBuilding of Societyyearsas2017,required2018in termsand of2019section. Following the approval, a public notice was issued in the Gazette on 12 August 2022, in termsCBZofBanksectionLimited25(6) ofhasBankingbeenActco[Chapter-operating24:20]ininvestigationsadvising of the approvalby of the amalgamation. The Company has now surrendered the Building Society licence the Office of Foreign Asset Control (OFAC) regarding historical to the Registrar of Building Societies for cancellation in terms of section 14(3) of transactions involving a party that was subject to OFAC economic Building Societies Act [Chapter 24:02]. sanctions. OFAC has concluded its investigations and the matter has Webeenadviseresolvedthat the Companythroughintendsthe issuanceto finalise ofandaoperationalizeCautionarytheLetteramalgamation. effective 30 September 2022. As a result thereof, the contents of the previous Cautionary The amalgamation is going to be effected through consolidation of all assets, liabilities Announcements have ceased to have any relevance or effect on and equity of CBZ Bank Limited and CBZ Building Society into one entity, CBZ Bank Limitedthe. Company and caution is no longer required to be exercised by shareholders when dealing in their securities. We advise accordingly as Shareholders continue to deal in the Company's shares. By order of the Board BY ORDER OF THE BOARD Rumbidzayi Angeline Jakanani
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Where is CBZ Bank's headquarters?
CBZ Bank's headquarters is located at 3rd Floor, Union House, Harare.
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