Further Cautionary Announcement_KCM

RNS Number : 9585M
ZCCM Invs.Hldgs PLC
24 September 2021
 

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 Person:  Natasha Nelson

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: 24 September 2021


 

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 announcement dated 23 May 2019 concerning ZCCM-IH filing a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC ("KCM") on 21 May 2019 (the "Petition") and the appointment by the Court of Mr. Milingo Lungu as provisional liquidator of KCM (the "Provisional Liquidator") and to the announcement dated 23 June 2021 regarding ZCCM-IH's application for leave to appeal against the decision of the Court of appeal.

Shareholders are advised that the Supreme Court on 2nd September 2021 granted ZCCM-IH leave to appeal against the decision of the Court of Appeal which had decided that the liquidation proceedings be stayed, and the parties referred to arbitration. ZCCM has since appealed to the Supreme Court.

ZCCM-IH will provide details on this matter 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   24 September 2021  


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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FURFLFIEAVISFIL
UK 100

Latest directors dealings