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.
ZCCM-IH – Maamba Collieries Limited 300 MW Phase II Power Plant Project
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.
Notice of 2023 Dividend Payment
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”)
2023 Annual Report
ZCCM Investments Holdings Plc (ZCCM-IH) is a premier diversified mining investment and operations company, with significant and focused interests in Zambia’s mining and energy sectors. The Group’s portfolio commodity mix includes copper, gold, amethyst, manganese, limestone, coal and electric power energy. The shareholding structure is as follows: the Industrial Development Corporation Ltd (IDC) holds 60.3%, Government of the Republic of Zambia (GRZ) holds 17.3%, National Pension Scheme Authority (NAPSA) holds 15% and the remaining 7.4% is held by private investors. The geographical spread of the minority shareholders, who number over 4000, cover countries in Europe, Africa, the Caribbean, Australia, Asia and North America.
Notice Of The 20th Annual General Meeting
NOTICE IS HEREBY given that the Twentieth Annual General Meeting (AGM) of members of ZCCM Investments Holdings Plc will be held physically and virtually on Friday, 28 June 2024 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.creg.co.zw/eagm/Login.aspx, to transact the following business:
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Abridged Provisional Unaudited Financial Statements For The Year Ended 31 December 2023
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.
ZCCM-IH- Transaction Completion Announcement-Mopani Copper Mines
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
Notice of Appointment of External Auditors
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.
Results Of Resolutions Passed At The Extraordinary General Meeting Of Zccm Investments Holdings Plc
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 Of Extraordinary General Meeting
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.