Chamwe Kaira
Stimulus Investments Limited has issued a cautionary announcement advising shareholders that ongoing negotiations could affect the price of its preference shares.
The company said discussions are still underway and could have a material impact on the value of its listed securities if concluded.
Stimulus urged shareholders to exercise caution when trading in its preference shares until more information is released.
The latest notice follows earlier cautionary announcements issued on 14 August 2025, 25 September 2025, 6 November 2025 and 12 January 2026.
Stimulus, which is listed on the Namibia Securities Exchange under the share code SILP, did not provide further details about the negotiations.
In January the company sold a 7.2% stake in Cymot Investments (Pty) Ltd and renewed its cautionary notice to shareholders.
Stimulus said the transaction formed part of a partial exit from its investment in Cymot.
The sale increased the shareholding of the Cymot Employee Share Trust, giving employees greater ownership in the group.
The company said the transaction was settled in cash.
After the sale, Stimulus retained a 25.1% shareholding in Cymot Investments.
Stimulus also informed shareholders that it had entered into separate negotiations which, if concluded, could affect the price of its listed 2011 preference shares.
The 2011 preference shares are listed on the Namibia Securities Exchange and give investors exposure to a portfolio of unlisted private equity-type investments through the company’s portfolio businesses.
Stimulus holds equity investments in the Cymot Group, Khomas Solar Saver (Pty) Ltd, Neo Paints Group, Plastic Packaging Group, Polyoak Namibia (Pty) Ltd, Walvis Bay Stevedoring (Pty) Ltd and Desert Trade Investments (Pty) Ltd.
Desert Trade Investments previously owned Namibia Media Holdings (Pty) Ltd and Newsprint Namibia (Pty) Ltd and still owns the properties used by those companies.
In its 2025 financial results, Stimulus said the board is pursuing the sale of properties owned by Desert Trade Investments and will consider further exits if they make economic sense.
The company said it does not plan to make new investments, except possible investments in existing portfolio companies aimed at improving investor returns.
