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.
Notice of Changes to the Board of Directors
ZCCM-IH wishes to inform shareholders that Mr. Gregory Chomba Kabwe resigned from the Company’s Board of Directors (“the Board”) with effect from 2nd March 2023. During his tenure, Mr. Kabwe served as Non-Executive Director and Chairperson of the Audit Committee of the Board. The ZCCM-IH Board wishes to thank Mr. Kabwe for his contribution to the Company and wishes him well in his future endeavours.
The Board wishes to further announce the appointment of Mrs. Masitala Nanyangwe Mushinga as Non-Executive Director on the ZCCM-IH Board as at 7th March 2023. Mrs. Mushinga is Acting Director- Investment and Debt Management at the Ministry of Finance and National Planning.
Notice Of Change In Company Secretary
In compliance with the Securities Act No. 41 of 2016 and the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), the Board of Directors of ZCCM Investments Holdings PLC (“ZCCM-IH” or “the Company”) hereby announces the resignation of Mr. Chabby Chabala as Company Secretary effective 18 February 2023. The ZCCM-IH Board thanks Mr. Chabala for his contribution to the Company and wishes him well in his future endeavours.
Notice of Appointment of Chief Executive Officer
In compliance with the Securities Act No. 41 of 2016 and the Lusaka Securities Exchange Listing Rules, the Board of Directors of ZCCM Investments Holdings PLC hereby announces the appointment of Dr. Ndoba Joseph Vibetti as Chief Executive Officer of the Company effective 1st February 2023.
Request for Proposals for Potential Greenfield and Brownfield Projects
ZCCM-IH invites proposals from local and international companies to partner with ZCCM-IH in prospective Copper, Cobalt, Gold, Nickel, and Lithium tenements for development. The prospective projects can range from Greenfield to Brownfield. Download document for details.