15 Jun 2022 10:14
SENS ANNOUNCEMENT
(the "Notice" or "Announcement")
ISSUER
ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
[Incorporated in the Republic of Zambia]
Company registration number: 119540000771
Share Code: ZCCM-IH
ISIN: ZM0000000037
Authorised by: Chabby Chabala - Company Secretary
SPONSOR
Stockbrokers Zambia Limited
[Founder Member of the Lusaka Securities Exchange]
[Regulated and licensed by the Securities and Exchange Commission of Zambia]
Contact Person : Natasha Nelson
Contact email : nnelson@sbz.com.zm
Contact Number: +260-211-232456
Website: www.sbz.com.zm
APPROVAL
The captioned Announcement has been approved by:
i. the Lusaka Securities Exchange ("LuSE")
ii. the Securities and Exchange Commission of Zambia ("SEC")
iii. Stockbrokers Zambia Limited ("SBZ")
RISK WARNING
The Announcement contained herein contains information that may be of a price sensitive nature.
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.
ISSUED: 15 June 2022
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"]
MARKET ANNOUNCEMENT
ENGAGEMENT OF ROTHSCHILD & CO. TO ASSIST WITH THE STRATEGIC REVIEW
OF MOPANI COPPER MINES PLC
The Board of ZCCM Investments Holding Plc ("ZCCM-IH" or the "Company") wishes to inform the shareholders and the market that the Company has engaged the international investment bank, Rothschild & Co., South Africa (Pty) Ltd ("Rothschild & Co.") to assist ZCCM-IH with the strategic review of Mopani Copper Mines Plc ("MCM" or "Mopani") to ensure its sustainability and continued development.
Rothschild & Co is a leading global financial services group, with a history of over 200 years at the centre of the world's financial markets.
Shareholders and the market are aware that MCM has been a landmark asset and an internationally renowned operation within the global mining landscape for decades and remains of particular importance to both the surrounding communities and the Zambian nation at large. In this regard, therefore, the review will be undertaken to provide strategic options that will ensure Mopani is operating optimally.
It is expected that this process will be concluded within a period of six (6) months from the date of contract award, with the ability to extend for a further 6 month period, taking into account progress to date and the closing provisions of any transaction agreements that have been signed.
The Board of ZCCM-IH will update the market on the results of this exercise in due course.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on 15 June 2022
T | +260-211-232456
E | advisory@sbz.com.zm
W | www.sbz.com.zm
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 15 June 2022 | |
Zccm Inv.hds.b (ZCC)