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.
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.
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.
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.
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.
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.
At the 18th Annual General Meeting (“AGM”) held virtually and physically at the Mulungushi Conference Center on the 9 of December 2022, a Final Dividend of ZMW 0.53 per share for the financial year ended 31 December 2020 was approved by the shareholders of ZCCM Investments Holdings (“ZCCM-IH”).
In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCMIH wishes to inform shareholders that Mr. Muchindu Kasongola retired from the Company’s Board of Directors (“the Board”) with effect from 25 November 2022. The ZCCM-IH Board thanks Mr. Kasongola for his contribution to the Company and wishes him well in his future endeavours.
The Board wishes to inform the shareholders (“Shareholders”) of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”), and the market that, ZCCM-IH has entered into a transaction with First Quantum Minerals (“FQM”) whereby the Company will convert its dividend rights and economic value in its 20 percent equity in Kansanshi Mining Plc (”KMP”) into a life of mine royalty (the “Transaction”).
The Board wishes to inform the shareholders and the market that ZCCM Investment Holdings has agreed to provide a Corporate Guarantee to Ecobank Plc (“Ecobank”) for the amount of USD15 million (the “Transaction”).
