The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), and other market
participants, are referred to the cautionary announcements issued on 10 November 2023 and 30
November 2023 in relation to the board of directors of ZCCM-IH (“the Board”) selecting International
Resources Holding RSC Limited (“IRH”), as the preferred Strategic Equity Partner (“SEP”) for Mopani
Copper Mines Plc (“MCM” or “Mopani”). The market is also referred to the transaction announcement
dated 22 December 2023.
The Board is pleased to announce that on 22 December 2023, ZCCM-IH entered into an agreement
with IRH pursuant to which IRH, through its wholly owned subsidiary Delta Mining Limited (“Delta”), has
committed up to US$1.1 billion for a 51% interest in MCM and the formation of a strategic partnership
with ZCCM-IH. This investment comprises of 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 into MCM
as a SEP (the “Transaction”), subject to the fulfilment of Conditions Precedent defined herein.
Consequently, upon the satisfaction of those Conditions Precedent, the relationship between
Glencore International AG (“Glencore”) and MCM will be restructured.
ZCCM-IH, in consultation with its transaction advisors, is preparing a Transaction circular providing all
the relevant information in respect of the Transaction, including financial and technical information.
Shareholders will be able to vote on the Transaction at an extraordinary general meeting (“EGM”) due
to take place in the first quarter of 2024.
ZCCM-IH_Mopani_transaction_Circular
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
The definitions and interpretations commencing on page 7 of this Circular apply throughout this Circular, including this cover page (unless
specifically defined where used or the context indicates a contrary intention).
Action Required:
• Shareholders are referred to page 4 of this Circular, which sets out the action required of them regarding the ZCCM-IH Extraordinary
General Meeting, full details of which are set out in this Circular. If you are in any doubt as to the action you should take, please consult
your broker, bank manager, legal advisor, accountant, or other professional advisor.
• If you have disposed of all your ZCCM-IH shares, then this Circular, together with the accompanying Form of Proxy should be forwarded to
the broker, banker, or agent through whom you disposed of such shares except that this Circular should not be forwarded or transmitted
by you to any person in any territory other than Zambia unless the Circular can lawfully be distributed to such person or in such territory.
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Transaction Announcement Regarding Mopani Copper Mines Plc
The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), and other market participants, are referred to the cautionary announcements issued on 10 November 2023 and 30 November 2023 in relation to the Board of Directors of ZCCM-IH (“the Board”) selecting International Resources Holding RSC Limited (“IRH”), as the preferred Strategic Equity Partner (“SEP”) for Mopani Copper Mines Plc (“MCM” or “Mopani”).
The Board is pleased to announce that on 22 December 2023, ZCCM-IH entered into an agreement with IRH pursuant to which IRH has committed to invest a total of US$1.1 billion into MCM as a Strategic Equity Partner (the “Transaction”), subject to the fulfilment of Conditions Precedent defined herein. Consequently, upon the satisfaction of those Conditions Precedent, the relationship between Glencore International AG (“Glencore”) and MCM will be restructured.
ZCCM-IH, in consultation with its Transaction Advisors, is preparing a Transaction Circular providing all the relevant information in respect of the Transaction, including financial and technical information. Shareholders will be able to vote on the Transaction at an Extraordinary General Meeting (“EGM”) due to take place in the first quarter of 2024.
In compliance with the requirements of Section 9 of the Listings Requirements of the Lusaka Securities Exchange (“LuSE”), the key features of the Transaction are set out below.
2023 ZCCM-IH Shareholder Open Day – Event Invitation
ZCCM Investments Holdings Plc (hereafter “ZCCM-IH” or “the Company”) wishes to announce that it will be hosting its Shareholder Open Day for the year 2023 on 15 November 2023 from 10:00am Central Africa Time (hereafter “CAT”) to 12:30pm CAT. The event will be held at The Urban Hotel Lusaka and also streamed live via video conferencing.
The event will feature presentations by the Company’s Board Chairperson Mr. Kakenenwa Muyangwa, the Company’s Chief Executive Officer Dr. Ndoba J. Vibetti, and the ZCCM-IH Senior Management team.
Presentation topics will include key revisions to the Company’s Strategic Plan, and Portfolio Updates, among others.
Shareholders are requested to register in advance to attend the Shareholder Open Day. This can be done via the following link: https://zccm-ih.financifi.com/register/
ZCCM-IH – First Cautionary Announcement (10.11.2023)
ZCCM-IH- Change in Directorate_Mr Mubita Akapelwa
In compliance with the Securities Act No. 41 of 2016 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 retirement of Mr Brian Nalishuwa as Non-Executive Director of the Company effective 10th October 2023. Mr Nalishuwa served as Non-Executive Director of ZCCM-IH since December 2022. The Board would like to take this opportunity to thank Mr Nalishuwa for his immense contribution to the Company during his tenure of office and wishes him success in his future endeavours.
Form of Proxy
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.
AGM Pack
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:
2021 Annual Report.
ABOUT THIS REPORT
The Integrated Annual Report for the year ended 31 December 2021 provides a holistic view of ZCCM Investments
Holdings Plc (“the Company”) and its subsidiaries (“the Group”) business model, how the Company is managed and
how it manages its investment portfolio. This report therefore provides a complete analysis of our business to satisfy the
information needs of key stakeholders that will use the Integrated Report. The information presented aims to provide our
various stakeholders with a good understanding of the financial, human, social, environmental and economic impacts
of ZCCM-IH to enable them to evaluate our ability to create sustainable value for our stakeholders.
FRAMEWORK
The Financial Statements set out on in the Annual Report have been prepared in accordance with International Financial
Reporting Standards (IFRS). Our Integrated Report is prepared in accordance with the Zambia Companies Act and the
listing requirements of the three stock markets on which ZCCM-IH is listed namely: Primary market – Lusaka Securities
Exchange, and Secondary markets – Paris Euronext Access and London Stock Exchange.
SCOPE AND BOUNDARY
This report outlines who we are, what we do and how we create value, providing insights into our structure, strategy,
objectives, performance, governance, and future viability. The report provides an overview of the operations and
performance of all businesses in which ZCCM-IH is invested. The scope of this report relates to ZCCM-IH as an investment
holding Company and as a Group encompassing its subsidiaries and associate investee Companies’ activities and
material matters arising from its investment activities. Material developments beyond the reporting period up to the date
of publishing of this report have been included.
MATERIALITY
This report provides information on all those matters that we believe could substantively affect value creation at ZCCMIH. Written primarily for current and prospective investors, the report is of interest to any stakeholder who wishes to
make an informed assessment of ZCCM-IH’s ability to create value over time. This report presents the identified material
information through a clearly structured narrative. Additional information not material for this report, but of interest for
other purposes, are provided on our website.