Last checked at 24 May 2018 17:00
24 May 2018
Zambeef Products plc
("Zambeef" or the "Group")
Director Resignation
Zambeef (AIM: ZAM), the fully integrated retailer, with operations in Zambia, Nigeria and Ghana, announces the resignation of Tim Pollock, Joint Chief Executive Officer of the Company, effective 31st May 2018.
Mr Pollock is resigning for personal reasons, and will be returning to the United Kingdom to focus on the development of his agricultural investment business, AgCap Limited.
Francis Grogan, currently Joint Chief Executive Officer, will, from 1st June 2018, lead the Company as sole Chief Executive Officer.
Zambeef Chairman, Dr. Jacob Mwanza, commented: "The Board wishes to thank Tim for his dedication and contribution to the Company since September 2016, and wishes him well in his future endeavours."
For further information, please contact: | |
Zambeef Products plc | Tel: +260 (0) 211 369003 |
Francis Grogan, incoming sole Chief Executive 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 |
Emily Morris Christopher Raggett | |
Powerscourt (Financial PR) | Tel: +44 (0) 20 7250 1446 |
Nick Dibden | |
Isabelle Saber
| |
Notes to the editors
Information on Zambeef
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 deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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