ZSE Listed Companies Profiles: Ariston Holdings Limited

Updated Friday October

Share Price: ZWL cents 140.50 (ZWL$1.405) | Market Cap ZWL$ 2,286,490,811

Included also: 1 Year Share Price Chart and Trading Update

Background

With its history dating back to 1940s and being officially listed on then the Rhodesian Stock Exchange (RSE) in 1948, Ariston Holdings Limited is an agricultural enterprise operating in diverse markets that range from tea, macadamia nuts, horticulture and deciduous fruits to fish farming, beef cattle and poultry. Deciduous fruits include bananas, apples and peaches; while staple crops include potatoes, tomatoes, peas, maize and soya beans. Ariston Holdings Limited has a national footprint, with six strategic business units located in the northern and eastern regions of Zimbabwe.

Southdown Estates consists of three tea estates with over 1 200 hectares allocated to tea plants, almost 60 hectares to bananas and over 450 hectares to macadamia trees. Claremont Estate concentrates on growing pome and stone fruit, passion fruit and potatoes; while Kent Estate focuses on horticultural crops, poultry and livestock. The company also packages and distributes blended tea for the domestic market. Its headquarters are in Msasa, Harare.

Corporate Structure

Its main Subsidiaries include:

• Ariston Management Services (Private) Limited 100%
• Claremont Orchards Holdings (Private) Limited 100%
• Southdown Holdings (Private) Limited 100%
• Claremont Orchards 1988 (Private) Limited 100%
• CLAREMONTPOWER STATION Joint Venture, venture with Goldsaif (Private) Limited 55%