Zambeef Products PLC Directorate Change (5419C)

TIDMZAM

RNS Number : 5419C

Zambeef Products PLC

18 April 2017

18th April 2017

Zambeef Products plc

("Zambeef" or the "Company")

Directorate Changes

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, today announces Graham John Clark has stepped down as a Non-executive Director with immediate effect in order to take up the full time role of CEO of Fiji Sugar Corporation Ltd. The Company also announces the appointment of three new non-executive directors to broaden the depth of experience and diversity present on its Board of Directors (the "Board"). Yollard Kachinda, Margaret Kunda Chalwe-Mudenda and Enala Lyson Tembo-Mwase have been appointed to the Company's Board with effect from 18th April 2017.

Yollard Kachinda is a Zambian national and is currently Director General of the National Pension Scheme Authority ("NAPSA") which holds 8.3 per cent of the Company's equity. As Director General, he has the overall responsibility for, and oversight of, the day to day running of the scheme, as mandated by the Board of Trustees. Yollard studied Mathematics & Statistics at the University of Zambia and has a Masters in Social Protection Financing from Maastricht University.

Margaret Kunda Chalwe-Mudenda is a Zambian lawyer. Margaret previously worked as a legal practitioner from 1996 to 2009, during which time she was also employed by Zambia National Commercial Bank Plc ("Zanaco"), a Zambian financial services company, as in-house counsel between 1999 and 2004. Since 2010, she has been Director General of Zambia Information and Communications Authority ("Zicta"), an information and communications technology ('ICT') regulator which is under Zambian government supervision. She has a Bachelor of Laws degree from the University of Zambia (UNZA), a post graduate diploma in legislative drafting from the Zambia Institute of Advanced Legal Educdation (ZIALE) and a Master of Law degree (LLM) in Information Technology and Telecommunications (ITT) Southampton University.

Enala Lyson Tembo-Mwase is a prominent Zambian academic. She is an Associate Professor of Parasitology at the University of Zambia where she served for 29 years. She is currently University of Zambia's Deputy Vice Chancellor, and briefly served as the university's acting Vice Chancellor from June 2015 to July 2016. Enala has a Bachelor of Science degree in biological sciences from the University of Zambia, a Master of Science (Medical Parasitology) and Doctorate degree (Zoology-Entomology) from the University of London.

Zambeef Chairman, Dr Jacob Mwanza, commented: "I would like to thank Graham for his contribution to Zambeef since he was appointed to the Board. Graham's extensive business experience has been greatly appreciated. On behalf of everyone at Zambeef I would like to wish him the very best in his new role. I also take this opportunity to welcome the three new non-executive directors to the Board of Zambeef. I believe they all bring highly relevant experience and skills which will be of significant value in supporting the growth of Zambeef at this exciting stage of development."

Further information of Yollard Kachinda, Enara Lyson Tembo-Mwase and Margaret Kunda Chalwe-Mudenda as required in accordance with Schedule 2 (g) of the AIM Rules:

Yollard Kachinda, aged 53

 
 Current Directorships         Directorships / Partnerships 
  / Partnerships                held in last 5 years 
----------------------------  ------------------------------------- 
 NAPSA Lusaka Trust Hospital   NAPSA registered pension 
  Staff Pension Scheme          scheme: Tazama Staff Pension 
                                Scheme 
----------------------------  ------------------------------------- 
                               NAPSA registered pension 
                                scheme: NAPSA Staff Pension 
                                Scheme 
----------------------------  ------------------------------------- 
                               NAPSA registered pension 
                                scheme: ZSIC Limited (119680004688) 
----------------------------  ------------------------------------- 
 

Enara Lyson Tembo-Mwase, aged 58

 
 Current Directorships   Directorships / Partnerships 
  / Partnerships          held in last 5 years 
----------------------  ----------------------------- 
 None                    None 
----------------------  ----------------------------- 
 

Margaret Kunda Chalwe-Mudenda, aged 44

 
 Current Directorships        Directorships / Partnerships 
  / Partnerships               held in last 5 years 
---------------------------  ----------------------------- 
 Zicta                        National Road Fund Agency 
                               ('NRFA') 
---------------------------  ----------------------------- 
 Madison Financial Services   African Grey Insurance 
  Plc                          Limited 
---------------------------  ----------------------------- 
 Medical Stores Limited       Zambia Flying Doctors 
                               Service 
---------------------------  ----------------------------- 
 MCK Legal Practitioners 
---------------------------  ----------------------------- 
 

For further information, please contact:

 
 Zambeef Products plc     Tel: [phone] 
 Carl Irwin, Joint Chief Executive Officer 
 Francis Grogan, Joint Chief Executive Officer 
 
 Strand Hanson Limited   Tel: [phone] 
 James Spinney 
 Ritchie Balmer 
 Frederick Twist 
 
 Finncap                 Tel: [phone] 
 Christopher Raggett 
 Emily Morris 
 
 Powerscourt             Tel: [phone] 
 Nick Dibden 
 Nick Brown 
 
 
 Pangaea Securities      Tel: [phone] 
 Ceaser Siwale 
 Wendy Tembo 
 

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").

-Ends-

This information is provided by RNS

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April 18, 2017 02:00 ET (06:00 GMT)