Zambeef Prod. Regulatory News (ZAM)

RNS

6th November 2015

Zambeef Products plc

("Zambeef" or the "Group")

Resignation of Director

Zambeef (AIM: ZAM), the fully integrated agribusiness with operations in Zambia, Nigeria and Ghana, announces that Charles Mpundu has resigned as a Non-Executive Director of the Company and will step down from the Board with immediate effect. 

Charles joined the Board on 1st February 2014 as a Non-Executive Director representing local Zambian institutional shareholders. He has now retired from his role as Director General of NAPSA (National Pension Scheme Authority) and, consequently, has formally resigned from the Zambeef Board. 

Zambeef Chairman, Dr Jacob Mwanza, commented: "Charles' expertise and knowledge of the Zambian market has been greatly valued over his nearly two years on the Board. We are very grateful to him for his significant contribution to Zambeef's growth and expansion in the period and we wish him well for the future."

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For further information, please contact:

Zambeef Products plc

Tel: +260 (0) 211 369003

Carl Irwin, Joint Chief Executive Officer

Francis Grogan, Joint Chief Executive Officer

Strand Hanson Limited

Tel: +44 (0) 20 7409 3494

Angela Hallet

James Spinney

Panmure Gordon

Tel: +44 (0) 20 7886 2500

Dugald Carlean

Tom Salvesen

Peter Steel

Finncap

Tel: +44 (0) 20 7220 0500

Joanna Scott

Raymond Greaves

Powerscourt

Tel: (0) 20 7250 1446

Nick Dibden

Sophie Moate

Nick Brown