22 Mar 2019 07:00
22 March 2019
Zambeef Products plc
("Zambeef" or the "Group")
Director Dealing
Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business, with operations in Zambia, Nigeria and Ghana, announces that it was notified on 20 March 2019, that Dr. Jacob Mwanza, Non-Executive Chairman, purchased, in aggregate, 299,629 ordinary shares with a par value of ZMW 0.01 each in the issued share capital of the Company ("Ordinary Shares") through three separate trades which occurred on 22 February 2019, 25 February 2019 and 26 February 2019. Each trade occurred at a price of 10.5 pence each.
Dr. Mwanza was only informed by his broker on 20 March 2019 that these trades had taken place.
Following the transaction, Dr. Mwanza has a holding of 1,399,629 Ordinary Shares, representing a holding of 0.47% in the Ordinary Shares.
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. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
For further information, please contact: | |
Zambeef Products plc | Tel: +260 (0) 211 369003 |
Francis Grogan, Chief Executive Officer
| |
Strand Hanson Limited (Nominated & Financial Adviser) | Tel: +44 (0) 20 7409 3494 |
James Spinney | |
Ritchie Balmer | |
Eric Allan | |
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 238709 Ceaser Siwale Wendy Tembo | |
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
PDMR Notification Form:
The notification below is made in accordance with the requirements of Market Abuse Regulation:
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dr Jacob Mwanza | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Zambeef Products plc | ||||
b) | LEI | 213800U7PEKOUE14NP20 | ||||
4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary Shares of ZMW0.01 each | ||||
Identification code | ZM0000000201 | |||||
b) | Nature of the Transaction | Purchase | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | 299,629 shares 10.5 pence £31,461.045 | ||||
e) | Date of the transaction | 22 February 2019 25 February 2019 26 February 2019 | ||||
f) | Place of the transaction | AIM (LSE) | ||||
Zambeef Prod. (ZAM)