AGRO-industrial group Zimplow is seeking shareholder approval to buy back 16 percent of its shares that are on the market. The group has called for an extraordinary general meeting on August 17 to ratify the proposed transaction. “The authorised share capital of Zimplow is 300 million shares at a nominal value of $0,0004 each. The issued share capital of the company at the last practicable date was 235 456 865 ordinary shares of $0,0004 each,” company secretary Max Chinorwadza said. All the issued share capital of Zimplow are of one class, rank “pari passu” in all respect and are listed on the Zimbabwe Stock Exchange (ZSE). The group proposed that the minimum number of shares available for repurchase shall not…