In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the Company for the unaudited financial year ended 31st December 2021 is expected to be approximately 136% higher than the financial year ended 31st December 2020. The movement in EPS for the Company was primarily attributed to a 328% increase in investment income and subsequent 488% increase in operating profit.
NOTICE IS HEREBY given that the Eighteenth Annual General Meeting of members of ZCCM Investments Holdings Plc will be held on Tuesday, 15 November 2022 at 10:00 hours at Mulungushi Conference Centre on Great East Road in Lusaka, Zambia and via Video Conferencing on the following link https://eagm.creg.co.zw/eagm/Login.aspx, to transact the following business
ZCCM-IH would like to clarify to the members of the public that the sanctioning of the Company as a result of the non-publication of the 2021 financial statements by or before 30 June 2022 is neither a suspension nor a delisting. Euronext (Paris) has transferred ZCCM-IH’s listed shares to the Penalty bench/non-compliant issuers for breach of the requirements related to publication of financial statements.
Shareholders are referred to the Company announcement dated 28 February 2022 where it was communicated that the audited 2021 financial statements would be issued by 31 March 2022.
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 which stayed the liquidation proceedings and referred the parties to Arbitration.
According to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Board”) wishes to announce the resignation of Mr. M C Kaluba as a Non-Executive Director effective 17 August 2022. In His place, Mr. Muchindu Kasongola has been appointed with effect from 24 August 2022.
The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”), as well as other market participants, are referred to the announcement published on the Securities Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LuSE”) dated 23 February 2022 wherein the 2020 abridged financial statements were published.
The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”), as well as other market participants, are referred to the circular dated 9 March 2021 sent to shareholders giving full details on the Acquisition of Mopani Copper Mines PLC (“Mopani”) by ZCCM-IH (the “Transaction”).
The Board wishes to inform the shareholders and the market that ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), has agreed to provide a Corporate Guarantee to Indo Zambia Bank (“INDO”) for the amount of USD 15 million (the “Transaction”).
The Board wishes to inform the shareholders and the market that ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), has agreed to provide Corporate Guarantees to Atlas Mara Bank for the amount of USD 15 million (the “Transaction”).