Webdisclosure.fr

Search

ZCCM (EPA:MLZAM) FURTHER CAUTIONARY ANNOUNCEMENT_ KHL_ARBITRATION UPDATE.

Directive transparence : information réglementée

23/02/2021 14:00

SENS ANNOUNCEMENT

(the “Notice” or “Announcement”)

ISSUER

 
 

ZCCM INVESTMENTS HOLDINGS PLC (“ZCCM-IH”)

[Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

Authorised by: Chabby Chabala – Company Secretary

SPONSOR

Stockbrokers Zambia Limited

[Founder Member of the Lusaka Securities Exchange]

[Regulated and licensed by the Securities and Exchange Commission of Zambia]

Contact Person: Natasha Nelson

Contact Number: +260-211-232456

Website: www.sbz.com.zm

APPROVAL

The captioned Notice or Announcement has been approved by:

  1. the Lusaka Securities Exchange (“LuSE”)
  2. the Securities and Exchange Commission (“SEC”)
  3. Stockbrokers Zambia Limited (“SBZ”)

RISK WARNING

The Notice or Announcement contained herein contains information that may be of a price sensitive nature.

Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.

ISSUED: 23 February 2021

ZCCM INVESTMENTS HOLDINGS PLC

 [Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

[“ZCCM-IH” or “the Company”]

FURTHER CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement dated 25 November 2020, the Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company” or “the Board”) hereby wishes to inform shareholders and the market that arbitration proceedings against ZCCM-IH and Kansanshi Mining Plc (“KMP”) by Kansanshi Holdings Limited (“KHL”) have progressed.

The arbitration tribunal has issued a Partial Final Award (dated 29 January 2021) in the arbitration, pursuant to which ZCCM-IH's defence has been successful and various declarations have been granted in ZCCM-IH's favour. Certain matters remain outstanding and will be addressed by the tribunal in the Final Award.

Therefore, shareholders are advised that the matter is still on-going and may still have a material effect on the price of the Company's securities. Shareholders will be updated as the case progresses.

Accordingly, shareholders of ZCCM-IH are advised to exercise caution when dealing in securities of the Company until further information is published.

By Order of the Board

Chabby Chabala

Company Secretary

Issued in Lusaka, Zambia on Tuesday, 23 February 2021

Lusaka Securities Exchange Sponsoring Broker
T | +260-211-232456
 
E | advisory@sbz.com.zm
 
W | www.sbz.com.zm
 
Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

Issued 13 December 2019



This publication embed "Actusnews SECURITY MASTER".
- SECURITY MASTER Key: yG5pksVqZ2zJlnJuYsmWmGSUnJpoxZKbZmbKx2Zrl8qZaG9mymqVmsWaZm9plWZq
- Check this key: https://www.security-master-key.com.



Regulated information:
Inside Information:
- other releases


Full and original press release in PDF: https://www.actusnews.com/news/68014-zccm-ih-further-cautionary-announcement-khl-sens-23022021.pdf

Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

23/02/2021 14:00
20/01/2021 15:00
14/01/2021 20:00
13/01/2021 18:00
03/12/2020 18:00
17/11/2020 18:00
16/11/2020 18:00
04/02/2019 08:00
31/01/2019 13:00
26/11/2018 15:00