Further Cautionary Announcement

RNS Number : 8815E
ZCCM Invs.Hldgs PLC
10 November 2020
 

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:   Chabby Chabala - 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:

i.  the Lusaka Securities Exchange ("LuSE")

ii.  the Securities and Exchange Commission ("SEC")

iii.  Stockbrokers Zambia Limited ("SBZ")

 

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: 10 November 2020


 

ZCCM INVESTMENTS HOLDINGS PLC

 [Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

["ZCCM-IH" or "the Company"]

 

    FURTHER  CAUTIONARY ANNOUNCEMENT

 

Shareholders of ZCCM Investments Holdings Plc ("ZCCM-IH") are referred to the announcements dated 23 May 2019, concerning the filing by ZCCM-IH of a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC ("KCM") on 21 May 2019 (the "Petition"), the appointment by the Court of Mr Milingo Lungu as provisional liquidator of KCM (the "Provisional Liquidator") and the legal proceedings commenced in the High Court of South Africa and applications made to the Zambian High Court by Vedanta Resources Limited and Vedanta Resources Holdings Limited (together "Vedanta").

In compliance with the requirements of the Securities Act No. 41 of 2016, shareholders are informed that on 23 March 2020, the tribunal appointed in arbitration proceedings commenced by Vedanta against ZCCM-IH dismissed an application by Vedanta for an interim measure requiring ZCCM-IH to withdraw the Petition and procure the removal of the Provisional Liquidator from office.

ZCCM-IH will provide details of these proceedings in due course.

 

In the meantime, Shareholders of ZCCM-IH are advised to exercise caution when dealing in securities of the Company until further information is published. 

 

By Order of the Board

 

Chabby Chabala  

Company Secretary

 

 

Issued in Lusaka, Zambia on   10 th November 2020  


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 May 2019

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