ZCCM-IH Further Cautionary Announcement – KHL

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ZCCM-IH Further Cautionary Announcement - KHL

Published Date: 26th November 2020

In compliance with the requirements of the Securities Act No 41 of 2016 and the Lusaka Securities Exchange (“LuSE”) Listings Requirements (the “Rules”), shareholders are informed that on 11 November 2019, KHL filed a Request for Arbitration in London against ZCCM-IH (as Respondent) and KMP (as Nominal Respondent). These Arbitration proceedings are strictly confidential as between the parties. The Arbitration proceedings follow a criminal complaint made by ZCCM-IH against the allegedly unauthorized transfer by KMP of KMP monies to a KHL related party/affiliate.