Confidential Arbitration Proceedings between Trafigura Pte Limited (“Trafigura”) and ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”)
Further to the cautionary announcement dated 31 March 2025 issued by ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) in relation to arbitration proceedings instituted
by Trafigura Pte Limited (“Trafigura”) against the Company.
Shareholders of ZCCM-IH are advised 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.
ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) hereby informs its shareholders and stakeholders of measures undertaken by the company due to its inability to publish audited financials within the stated regulatory timeframes of the Lusaka Securities Exchange (“LuSE”) and the London Stock Exchange (“LSE”).
In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform its shareholders and the market that the Company has, by mutual agreement, separated with its Chief Executive Officer, Dr. Ndoba J. Vibetti, effective 30 April 2025.
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the majority shareholder, the Industrial Development Corporation (“IDC”), has reappointed Bishop Joahn H Mambo as Non-Executive Director on the ZCCM-IH Board effective 17th April 2025. Bishop Mambo previously served as Non-Executive Director on the Board of ZCCM-IH from 13th December 2021 to the 12th December 2024.
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.
The Board of ZCCM Investment Holdings Plc (“ZCCM-IH” or “the Company”) wishes to advise shareholders and market participants that the company has entered into negotiations, which if
successfully concluded may have an effect on the Company’s securities.
Accordingly, shareholders are advised to exercise caution and to seek professional advice from a licensed investment advisor when dealing in the Company’s securities until a full announcement is made.
Further to the Notice and Agenda of the Extraordinary General Meeting (“EGM Notice”) published on the Stock Exchange Network News (“SENS”) on 20th February 2025 and in the press, the Board of ZCCM Investment Holdings Plc (“ZCCM-IH” or “the Company”) wishes to advise the shareholders and the general public that the Company will be unable to hold the EGM on 13th March 2025 as indicated in the EGM Notice due to the following reasons:
Interpretation
1.1.1. “The Act” means the Companies Act No. 10 of 2017 of the Laws of Zambia and every statutory modification or re-enactment thereof for the time being in force;
1.1.2. The “Address” means a place where
a) for an individual, includes the full address of the place where that person usually lives or any number or address used for purposes of sending or receiving documents or information by electronic means;
or
b) a company, includes its registered office or its principle place of business or any number or address used for purposes of sending or receiving documents or information by electronic means;
NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the members of ZCCM Investment Holdings Plc (“ZCCM-IH” or “the Company”) will be held on Thursday, 13th March 2025 at 10:00 hours at the Mulungushi International Conference Centre, Kenneth Kaunda Wing, Banquet Hall Number 1, Lusaka, Zambia and virtually via Video Conferencing on the following link https://eagm.corpservezambia.com.zm/eagm/, to transact the following:
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the tenure of appointment as Director of Mr. Bishop John Mambo as Non-Executive Director on the ZCCM-IH Board came to an end effective 12th December 2024.
Mr Bishop John Mambo was appointed on 13 December 2021. During his tenure, he served as Non-Executive Director of the Board and was a member of the Remuneration and Investments Committee.
