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Related Party Transaction Announcement

24 Apr 2019 07:27

RNS Number : 9117W
ZCCM Invs.Hldgs PLC
24 April 2019
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SENS ANNOUNCEMENT

(the "Notice" or "Announcement")

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ISSUER

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ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")

[Incorporated in the Republic of Zambia]

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Company registration number: 119540000771

Share Code: ZCCM-IH

ISIN: ZM0000000037

Authorised by: Chabby Chabala - Company Secretary

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SPONSOR

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Stockbrokers Zambia Limited

[Founder member of the Lusaka Securities Exchange]

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

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Contact Number: +260-211-232456

Website: www.sbz.com.zm

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APPROVAL

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The captioned Notice or Announcement has been approved by:

i. the Lusaka Securities Exchange

ii. the Securities and Exchange Commission

iii. Stockbrokers Zambia Limited

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DISCLAIMER AND RISK WARNING

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

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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.

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ISSUED: 23 April 2019

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ZCCM INVESTMENTS HOLDINGS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 119540000771

Share Code: ZCCM-IH

ISIN: ZM0000000037

["ZCCM-IH" or the "Company"]

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INDUSTRIAL DEVELOPMENT CORPORATION LIMITED SETTLEMENT OF LOAN OWED TO ZCCM INVESTMENTS HOLDINGS PLC

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On 2 April 2018, ZCCM Investments Holdings Plc ("ZCCM-IH" or the "Company") and the Industrial Development Corporation Limited ("IDC"), majority Shareholder, entered into a related party transaction through a Loan Facility Agreement whereby ZCCM-IH advanced a loan amount of US$19,000,000 to the IDC with a maturity period of 12 months.

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ZCCM-IH wishes to announce that the IDC has fully settled the principal and interest amounts owed to ZCCM-IH. The payment was made on 2 April 2019 in line with the Loan Facility Agreement between the parties.

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By Order of theĀ Board

Chabby Chabala

Company Secretary

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Issued in Lusaka, Zambia on Tuesday, 23 April 2019

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T | +260-211-232456

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E | advisory@sbz.com.zm

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W | www.sbz.com.zm

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Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on Tuesday, 23 April 2019

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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DOCZMGZDVDFGLZG
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