Shareholders are referred to the announcement dated 10th July 2024 wherein the Board of ZCCM Investments Holding Plc (“ZCCM-IH” or the “Company”) informed shareholders and the market that Maamba Energy Limited (“MEL”), formerly Maamba Collieries Limited, had reached an agreement with anchor lenders regarding the financing for the construction and installation of an additional 300-Megawatt power plant at MEL (“the Project”). It was further indicated that the total estimated cost of the Project is USD 400 million, of which approximately USD 300 million will be financed by a consortium of lenders. ZCCM-IH will contribute USD 15 million towards the debt portion in form of a loan that will have a tenor of 10.25 years from construction start inclusive of a moratorium of 3.25 years. The interest rate will be nine per cent per annum.
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the Industrial Development Corporation, the Majority Shareholder, has withdrawn the appointment of Mr Moses S Nyirenda as Non-Executive Director on the ZCCM-IH Board effective 17th July 2024.
The Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the Company”) wishes to inform its shareholders and the public that EMR Capital has sold its 80% shareholding in Lubambe Copper Mines Limited (“Lubambe”) to JCHX Mining Management Company Limited (“JCHX”) who has acquired this stake through its wholly owned overseas subsidiary Sundimo Mining Investments Limited (“Sundimo”) who will hold this 80% of the issued share capital of Lubambe including claims on shareholder loans via a Share Sale and Purchase Agreement. As the principal funder, JCHX through Sundimo intends to invest circa USD 300 million into Lubambe for operations and extension of the life of mine. A new Shareholders agreement and commercial terms shall be negotiated between ZCCM-IH and Sundimo.
The Board of ZCCM Investments Holding Plc (“ZCCM-IH” or the “Company”) wishes to inform the shareholders and the market that Maamba Collieries Limited (“MCL”), has reached an agreement with anchor lenders in relation to financing for construction and installation of an additional 300 MW power plant at MCL referred to as the Project.
At the 20th Annual General Meeting (AGM) held on 28th June 2024 at Mulungushi International Conference Centre. Kenneth Kaunda Wing and virtually, Shareholders approved a Final Dividend of ZMW 1.51 per share for the period ended 31 December 2023.
In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange (“LuSE”), Notice is hereby given that the dividend shall be payable to shareholders in the Company’s books as at close of business on Friday, 26 July 2024 (“Record Date”)
INTRODUCTION
In compliance with the requirements of the Securities Act No. 41 of 2016, ZCCM Investments Holdings PLC (“ZCCM-IH” or “the Company”) announces the provisional financial statements results of the Company and its subsidiaries (Collectively referred to as the ‘‘the Group’’) for the year ended 31 December 2023.
Shareholders are referred to the announcements ZCCM-IH released on the Stock Exchange News Service (“SENS”) of the
Lusaka Securities Exchange (“LUSE”) on 10th November 2023, 30 November 2023, 22 December 2023, 1 February 2024 and
23 February 2024 regarding the up to US$1.1 billion capital investment by International Resources Holding RSC Ltd (“IRH”),
through its wholly-owned subsidiary, Delta Mining Limited (“Delta”), for a 51% interest in Mopani Copper Mines plc (“MCM”)
and the formation of a strategic partnership with ZCCM-IH. The investment will comprise US$620 million in new equity
capital, up to US$100 million in settlement of existing third-party letters of credit and up to US$380 million of shareholder
loans (the “Transaction”). The Company distributed a Transaction circular (the “Circular”) on 2 February 2024 incorporating
a notice of Extraordinary General Meeting (“EGM”) to consider the Transaction. The Board of Directors of ZCCM-IH (the
“Board”) is pleased to provide a further update in relation to the Transaction
The Board of ZCCM Investments Holding Plc (“ZCCM-IH” or “the Company”) (the “Board”) would like to announce the appointment of Messrs KPMG Zambia as the Company’s auditors for the Financial years ending 31st December 2023, 31st December 2024 and 31st December 2025, effective from 26 December 2023,subject to ZCCM-IH’s shareholders ratification at the next Annual General Meeting.
1.0 Introduction
Shareholders are referred to the announcements ZCCM-IH released on the Stock Exchange News Service (“SENS”) of the
Lusaka Securities Exchange (“LUSE”) on 10th November 2023, 30 November 2023, 22 December 2023 and 1 February 2024
regarding the up to US$1.1 billion capital investment by International Resources Holding RSC Ltd, through its wholly-owned
subsidiary, Delta Mining Limited, for a 51% interest in Mopani Copper Mines plc and the formation of a strategic partnership
with ZCCM-IH. The investment will comprise US$620 million in new equity capital, up to US$100 million in settlement of
existing third-party letters of credit and up to US$380 million of shareholder loans (“the Transaction”). The Company
distributed a Transaction circular (the “Circular”) on 2 February 2024 incorporating a notice of Extraordinary General
Meeting (“EGM”) to consider the Transaction. The Board of Directors of ZCCM-IH (“the Board”) is pleased to provide a further
update in relation to the Transaction.
NOTICE IS HEREBY GIVEN that the Extraordinary Meeting of the shareholders of ZCCM-IH will be held on Friday 23rd
February 2024 at 10:00 hours at Mulungushi International Conference Centre, Kenneth Kaunda Wing, Banquet Hall Number 2,
Lusaka, Zambia and virtually via Video Conferencing on the following link https://eagm.creg.co.zw/eagm/Login.aspx.
