Notice is hereby given that the Eighteenth (18th) Annual General Meeting (“AGM”) of members of ZCCM Investments Holdings Plc (“ZCCM-IH”) will be held on Tuesday, 15 November 2022 from 10:00 hours at Mulungushi International Conference Centre along Great East Road in Lusaka, Zambia and via Video Conferencing on the following link: https://eagm.creg.co.zw/eagm/Login.aspx
Note the Following:
- The proceedings of the meeting will be streamed live through the link above.
- Shareholders are required to sign up in advance to attend the meeting.
- Shareholder are required to have a working email address and an active cell phone line to sign up to attend the meeting.
- Signing up to attend the meeting opens Wednesday, 26th October 2022 and will automatically close at the commencement of the meeting on Tuesday, 15th November 2022 at 10:00 hours.
- Registration will commence at 08:00 hours on the day of the meeting. Note, shareholders who do not register before the start of the meeting will not be able to do so once the meeting starts.
- Voting at the meeting will be conducted electronically.
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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 Group and Company Unaudited Half Year Results for the period ended 30th June 2022 is expected to be approximately 270% lower and 481% higher respectively, than the Unaudited Half Year Results for the period ended 30th June 2021. The movement in EPS for the Group is primarily attributed to the losses recorded by the subsidiary Mopani Copper Mines PLC (“Mopani”), of ZMW2.1 billion (US$121 million) in the period; as Mopani accounted for 97% of the Group’s total revenue. While the movement in EPS for the Company is attributed to a 931% increase in revenue from ZMW121.2 million (US$5.4 million) to ZMW1.25 billion (US$72.9 million), resulting largely from a special dividend of ZMW770 million (US$ 43.5 million) from one of the investee companies, Kansanshi Mining PLC.
This Form of Proxy should be submitted to reach the Company before the stipulated time of holding the meeting. Notice of revocation of this Form of Proxy must be received by the Company at its registered office before the time appointed for the meeting.
Further to the Annual General Meeting (“AGM”) Notice issued on 20 October 2022, ZCCM Investments Holdings PLC (“the Company”) wishes to inform its Shareholders that the Notes to Shareholders (“the Notes”) will be distributed to Shareholders physically or electronically from Wednesday, 26th October 2022. The Notes will also be available from Wednesday, 26th October 2022 until 15th November 2022 at 10:00 hours at the Company’s registered office ZCCM-IH Office Park, Stand No. 16806, Alick Nkhata Road, Mass Media Complex Area, Lusaka.
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.
