Minutes for the 18th Annual General Meeting held on 9th December 2022, the Extraordinary General Meeting held 31st March 2023, and all other agenda items for consideration are contained herein.
Notice of the 19th ZCCM-IH AGM
NOTICE IS HEREBY given that the Nineteenth Annual General Meeting (AGM) of members of ZCCM Investments Holdings Plc will be held virtually and physically on Friday, 29 September 2023 at 10:00 hours at the Mulungushi International Conference Centre, Kenneth Kaunda Wing, Banquet Hall Number 3, Lusaka, Zambia and virtually via Video Conferencing on the following link https://eagm.creg.co.zw/eagm/Login.aspx to transact the business herein:
Further Cautionary Announcement on ZCCM-IH and Vedanta Resources Ltd
On 7 September 2022, ZCCM Investments Holdings Plc (hereafter “ZCCM-IH”), Vedanta Resources Limited, Vedanta Resources Holdings Limited (hereafter “Vedanta”), and Konkola Copper Mines Plc (hereafter “KCM”) Provisional Liquidator entered into a written agreement to suspend the hearing of the disputes between them to pursue amicable settlement of the disputes.
The parties have since been engaged in ex-curia discussions to resolve the disputes and have reached a significant milestone. As part of the resolution, all disputes between the parties have been resolved and all proceedings relating to the disputes will be withdrawn with each party bearing their own costs.
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2023 Half Year Trading Statement
Provisional Unaudited Abridged Financial Statements for Year Ended 31 December 2022
In compliance with the requirements of the Securities Act No. 41 of 2016, ZCCM Investments Holdings PLC (“ZCCM-IH PLC” 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 2022.
Market Announcement on the Temporary Suspension of ZCCM-IH on the London Stock Exchange
ZCCM Investment Holdings PLC (“ZCCM-IH” or “the Company”) hereby notifies its Shareholders and stakeholders that as a result of the non-compliance with Financial Conduct Authority (“FCA”) Disclosure and Transparency Rules, which pertains to the publication of audited financial results, the trading of shares of the Company on the London Stock Exchange (“LSE”) has been temporarily suspended by the Financial Conduct Authority of the United Kingdom (“UK”).
This suspension is as a result of the non-publication of audited financial results for the years 2021 and 2022 within regulation time, which were delayed due to the prolonged completion of the fair valuation process of assets and liabilities related to the acquisition of 90% shares of Mopani Copper Mines Plc as of 31 March 2021.
Notice Of Change In Directorate
In compliance with the Securities and the Listing Rules of the Lusaka Securities Exchange (“LuSE”), the Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) hereby announces the resignation of Ms. Dolika E. S. Banda as Non-Executive Director and Board Chairperson of the Company effective 5 th May 2023. The Board would like to take this opportunity to sincerely thank Ms. Banda for her immense contribution to the Company during her tenure of office and wishes her success in her future endeavours.
Further, the Board is pleased to announce the appointment Mr. Kakenenwa Muyangwa as Non-Executive Director and Board Chairperson with effect from 5 th May 2023. The Board is confident that with his vast experience, Mr. Muyangwa will make a valuable contribution to the success of the Company.
Mingomba Exploration Project Partnership
The board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the Company”) wishes to inform its shareholders and the public that it has partnered with Kobold Metals and EMR Capital (“the partners”) on a Copper exploration project, Mingomba (“the project”), in Chililabombwe District of the Copperbelt Province in Zambia.
ZCCM-IH Shareholder Meetings Conducted in a Transparent Manner
20th April 2023, Lusaka, Zambia: ZCCM Investments Holdings Plc (“ZCCM IH” or the “Company”) on 9th March 2023 published an announcement on the holding of an Extraordinary General Meeting (“EGM”) on 31st March 2023, and also released a detailed circular which outlined the terms of the Royalty Transaction (“Transaction”) in relation to its 20% shareholding in Kansanshi Mine PLC (“KMP”).
As stated in the circular, all transaction documents, including those referred to as an Appendix, were available for inspection to shareholders for 21 days during normal business hours between 09 to 31 March 2023 from the registered office of the Company. ZCCM IH notes with regret that one shareholder has indicated that they were unable to access the transaction documents via email.
Results of the Resolution Passed at the Extraordinary General Meeting of the Shareholders of ZCCM-IH held on Friday, 31st March 2023
The Company distributed a Transaction circular (the “Circular”) on the 9th of March 2023 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.