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Download ZCCM-IH - Cautionary Announcement - Arbitration Proceedings
ZCCM-IH - Cautionary Announcement - Arbitration Proceedings
Published Date: 31st March 2025
Confidential Arbitration Proceedings between Trafigura Pte Limited ("Trafigura") and ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company")
In compliance with the requirements of the Securities Act No 41 of 2016, as amended, and the Lusaka Securities Exchange ("LuSE") Listings Requirements (the "Rules"), shareholders of
ZCCM-IH and members of the investing public are informed that, pursuant to a guarantee signed by ZCCM-IH’s then CEO in favour of Trafigura on 28 July 2021 (“Guarantee”), on 24 February 2024 Trafigura filed a request for arbitration against ZCCM-IH (as respondent) brought under the London Court of International Arbitration Rules 2020. These arbitration proceedings are strictly confidential as between the parties.