Edgars Stores Limited has issued a cautionary statement advising shareholders and the investing public that it is assessing a potential transaction that could affect the company's securities.
In a statement issued on Tuesday, the retailer said the board was evaluating the proposed transaction, although it did not disclose the nature of the deal.
"The Board of Directors of Edgars Stores Limited (the 'Company') wish to advise all shareholders and the investing public that the Board is currently evaluating a potential transaction which may have an effect on the company's securities," the company said.
Edgars said further information would be released once the necessary regulatory processes had been completed and deliberations finalised.
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"Further details of the transaction will be provided to shareholders once all regulatory processes and further deliberations have been finalised," the statement read.
The company urged investors to remain cautious when trading its shares until a full announcement is made.
"Accordingly, shareholders and the investing public are advised to exercise caution when dealing in the Company's securities until a full announcement is made," Edgars said.
The retailer added that it would continue updating the market in line with the Victoria Falls Stock Exchange Listing Requirements as material developments arise.
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