Alpha Namibia warns shareholders: Negotiations still ongoing

Alpha Namibia Industries Renewable Power Limited (ANIREP) issued a further cautionary announcement on March 27, 2025, advising shareholders to exercise caution when dealing in the company's shares. The announcement references a series of prior cautionary statements dating back to August 2021, indicating a prolonged period of ongoing negotiations. According to the release, these negotiations are still in progress and, if successfully concluded, could have a material effect on the company's share price. As a result, shareholders are urged to continue exercising caution until a further announcement is made. The announcement was made by order of the board in Windhoek, with Cirrus Securities (Pty) Ltd acting as sponsor for ANIREP. Cirrus Securities is a member of the Namibian Stock Exchange. The registration number of the Sponsor is 98/463.