News & Media

ZCCM-IH – WITHDRAWAL OF EGM NOTICE- SENS

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:

ZCCM Investments Holdings Plc article of association (a public company limited by shares ) adopted by way of a special resolution

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 Of Extraordinary General Meeting

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:

Market Announcement – Change in Directorate

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.

Notice Of Change In Directorate

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”), appointed Mr Anthony Chilengi as Non-Executive Director on the ZCCM-IH Board effective 21st November 2024.

DIRECTORS’ INTERIM UNAUDITED FINANCIAL RESULTS FOR ZCCM INVESTMENTS HOLDINGS PLC …

INTRODUCTION
In compliance with the requirements of the “Securities Act, No. 41 of 2016 of the Laws of Zambia” and the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings PLC (“ZCCM-IH”, “ZCCM”, “the Company”, “We” or “Our”) announces the interim unaudited financial results of the Company and its Subsidiaries (colectively referred to as “the Group”) for the six months’ period ended 30th June 2024.

CHIEF EXECUTIVE OFFICER’S COMMENTARY
I am pleased to share ZCCM-IH’s financial results for the first half of 2024, which highlight several key strategic developments. A major highlight is our new partnership with Delta Mining Limited, focusing on Mopani Copper Mines Plc. Additionally, Konkola Copper Mines Plc (KCM) has successfully completed all necessary formalities, leading to Vedanta’s release of USD250 million. This marks the final step in the implementation agreement, resulting in KCM’s removal from the liquidation process. Following this, a new Board has been appointed, and Vedanta has officially taken over the operations of KCM.

Invitation to the ZCCM-IH Shareholder Open Day

ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”) wishes to announce that it will be hosting a Shareholder Open Day on Friday, 4th October 2024, at Southern Hotel, from 10:00 hours to 12:00 hours (CAT). The event will be streamed live via ZOOM. This annual event is an opportunity for us to engage with you, our valued shareholders, and provide updates on the company’s performance, strategic direction, and future outlook.

The event will feature presentations by the Chief Executive Officer who will cover a detailed presentation on our strategic roadmap, the Chief Investments Officer who will speak about upcoming projects, including growth initiatives and investment opportunities and the Chief Financial Officer who will present a comprehensive overview of our financial performance, including detailed analyses of our half year results.

Market Announcement – Maamba Energy Limited 300 MW Phase II Power Plant Project

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.

KCM Cautionary Withdraw Announcement

The Board of Directors of ZCCM Investments Holdings Plc (“ZCCM-IH”) (“the Board”) wishes to refer the shareholders and the market to the announcement dated 23 May 2019 regarding ZCCM-IH filing a petition in the High Court of Zambia (“the Court”) for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”) and the subsequent appointment of Mr Milingo Lungu as Provisional Liquidator of KCM (the “Provisional Liquidator”) by the Court.