Last checked at 26 Jul 2018 08:45
26 July 2018
Zambeef Products plc
("Zambeef" or the "Company")
Director Appointment
Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, today announces the appointment of Frank Braeken to its Board as a Non-Executive Director with immediate effect. Frank is being appointed as the second representative of CDC Group plc, the Company's 17.5 per cent. ordinary share holder, under the terms of the Relationship Agreement between CDC and the Company, which became effective on 16 September 2016.
Frank is a Belgian national with extensive experience in the Fast-Moving Consumer Goods ("FMCG") sector, including 26 years with Unilever where he lived and worked in nine countries on four continents.
In 2009, Mr. Braeken became head of Unilever's Namca region, with responsibility for markets across North Africa, the Middle East and Central Africa. In 2011, Mr. Braeken became Head of Unilever Africa where he had overall responsibility for the $3 billion operation.
After leaving Unilever in 2013, Mr. Braeken became Chief Investment Officer of Amatheon Agri Holding, a company established to invest in African agriculture and food-related businesses, with a specific focus on Zambia in which capacity he served until his resignation in 2016.
Frank is currently Non-Executive Chairman of Feronia, the UK based and Toronto listed agribusiness, operating in the Democratic Republic of Congo. In addition, Frank holds a number of other Non-Executive Directorships across a broad range of industries, including within food production and retailing.
Zambeef Chairman, Dr Jacob Mwanza, commented: "I'm thrilled to welcome Frank as a Non-Executive Director to the Board. He brings significant experience from one of the world's largest FMCG companies which, together with his extensive recent experience of operating throughout Africa, will be of significant value to the Board and the Company. I very much look forward to working with Frank over the years ahead."
Further information on Frank Braeken as required to be disclosed in accordance with Schedule 2 (g) of the AIM Rules for Companies:
Frank Nicolas Julia Braeken, aged 58
Current Directorships | Past Directorships (last 5 years) |
Alliance for a Green Revolution in Africa | Dagon Holding Limited |
Blue Skies Holdings Limited | Enterprise & Parliamentary Dialogue International |
Buhler AG | |
Feronia Inc. | |
F.M.B DWC-LLC | |
Marie Stopes International | |
Seven Hills Ranch Limited |
Frank currently holds 375,000 ordinary shares in Zambeef Products plc.
For further information, please contact:
Zambeef Products plc | Tel: +260 (0) 211 369003 |
Francis Grogan, Chief Executive Officer | |
Craig Harris, Chief Financial Officer | |
Strand Hanson Limited (Nominated & Financial Adviser) | Tel: +44 (0) 20 7409 3494 |
James Spinney | |
Ritchie Balmer | |
Frederick Twist | |
Finncap (Broker) | Tel: +44 (0) 20 7220 0500 |
Christopher Raggett | |
Powerscourt (Financial PR) | Tel: +44 (0) 20 7250 1446 |
Nick Dibden | |
Jana Tsiligiannis | |
Pangaea Securities | Tel: +260 (0) 211 220 707 |
Ceaser Siwale | |
Wendy Tembo |
Notes to Editors
The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation, which are planted twice a year and a further 8,623 hectares of rain-fed/dry-land crops available for planting each year.
Further information can be found on www.zambeefplc.com
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
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