Directorate Change

Zambeef Products PLC

09 April 2024

 

ZAMBEEF PRODUCTS PLC

("Zambeef" or the "Group") 

Change in Directorate

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, wishes to announce the appointment of Ms. Monica Musonda as interim Chairperson of the Board of Directors.

Ms. Musonda was appointed to the Zambeef Products plc Board as Independent Non-Executive Director in March 2021.

The Board of Directors also wishes to announce the resignation of Mr. Roman Frenkel (Non-Executive Director) with immediate effect. Mr. Frenkel has served as Non-Executive Director for the past 3 years, since March 2021. He leaves the Board due to a volume of other work commitments at the British International Investment plc ("BII"). BII continues to be represented on the Board by Dr. John Rich (Non-Executive Director).

The Board wishes to thank Mr. Frenkel for his immense contributions to the Company over the past few years and wishes him continued success in his future endeavours.

For further information, please visit www.zambeefplc.com or contact:

Zambeef Products plc	Tel: [phone]
Faith Mukutu, Chief Executive Officer
Mboo Mumba, Chief Financial Officer
Cavendish Capital Markets Ltd (Nominated Adviser and Broker)	Tel: [phone]
Ed Frisby/Abigail Kelly (Corporate Finance) Tim Redfern (ECM)
Autus Securities Limited	Tel: [phone]
Mataka Nkhoma

About Zambeef Products Plc

Zambeef Products Plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.

It has 236 retail outlets throughout Zambia and West Africa.

The Company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and three feedlots are located throughout Zambia, with a capacity to slaughter 230,000 cattle a year. It is also one of the largest chickens and egg producers in Zambia, with a capacity of 9.48 million broilers and 25.4 million-day-old chicks a year. It is one of the largest piggeries, pig abattoirs and pork processing plants in Zambia, with a capacity to slaughter 102,000 pigs a year, while its dairy has a capacity of 120,000 litres per day.

The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 7,265 hectares of row crops under irrigation, which are planted twice a year, and a further 8,000 hectares of rainfed/dry-land crops available for planting each year.

 

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