SENS ANNOUNCEMENT
(the “Notice” or “Announcement”)
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC (“ZCCM-IH”)
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Charles Mjumphi – Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Notice or Announcement has been approved by:
RISK WARNING
The Notice or Announcement contained herein contains information that may be of a price sensitive nature.
Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.
ISSUED: 23 February 2024
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
[“ZCCM-IH” or the “Company”]
RESULTS OF RESOLUTIONS PASSED AT THE EXTRAORDINARY GENERAL MEETING OF ZCCM INVESTMENTS HOLDINGS PLC
Shareholders are referred to the announcements ZCCM-IH released on the Stock Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LUSE”) on 10th November 2023, 30 November 2023, 22 December 2023 and 1 February 2024 regarding the up to US$1.1 billion capital investment by International Resources Holding RSC Ltd, through its wholly-owned subsidiary, Delta Mining Limited, for a 51% interest in Mopani Copper Mines plc and the formation of a strategic partnership with ZCCM-IH. The investment will comprise US$620 million in new equity capital, up to US$100 million in settlement of existing third-party letters of credit and up to US$380 million of shareholder loans (“the Transaction”). The Company distributed a Transaction circular (the “Circular”) on 2 February 2024 incorporating a notice of Extraordinary General Meeting (“EGM”) to consider the Transaction. The Board of Directors of ZCCM-IH (“the Board”) is pleased to provide a further update in relation to the Transaction.
2.0 Results of the General Meeting
At the EGM of ZCCM-IH held on 23rd February 2024 and held at Mulungushi International Conference Centre, Lusaka, Zambia, shareholders of ZCCM-IH (“Shareholders”) considered the resolutions proposed at the EGM as set out below:
THAT the Transaction be and is hereby approved and:
The proposed resolutions were approved by the Shareholders.
Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company's securities until the completion of the Transaction.
By Order of the Board
Charles Mjumphi
Company Secretary
Issued in Lusaka, Zambia on 23 February 2024
Lusaka Securities Exchange Sponsoring Broker | |
T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia. |
First Issued on 23 February 2024
Regulated information:
Inside Information:
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Full and original press release in PDF: https://www.actusnews.com/news/84332-zccm-ih-egm-results-announcement-sens-23.02.2024.pdf