Zambeef Products PLC Director/PDMR Shareholding (6587T)

TIDMZAM

RNS Number : 6587T

Zambeef Products PLC

22 March 2019

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: [phone] 
                                                 369003 
 Francis Grogan, Chief Executive Officer 
 Strand Hanson Limited (Nominated & Financial   Tel: +44 (0) 20 
  Adviser)                                       7409 3494 
 James Spinney 
 Ritchie Balmer 
 Eric Allan 
 
                                                Tel: +44 (0) 20 
   finnCap (Broker)                              7220 0500 
 Christopher Raggett 
 
                                                Tel: +44 (0) 20 
   Powerscourt (Financial PR)                    7250 1446 
 Nick Dibden 
 Jana Tsiligiannis 
 
  Pangaea Securities Tel: [phone] 
  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      Ordinary Shares of ZMW0.01 each 
       instrument, type of instrument 
     --------------------------------  -------------------------------- 
      Identification code               ZM0000000201 
     --------------------------------  -------------------------------- 
 b)   Nature of the Transaction         Purchase 
     --------------------------------  -------------------------------- 
 c)   Price(s) and volume(s)             Price(s)       Volume(s) 
                                          10.5 pence     100,000 
                                           10.5 pence     26,296 
                                           10.5 pence     173,333 
                                                        ---------- 
     --------------------------------  -------------------------------- 
 d)   Aggregated information            299,629 shares 
       Aggregated volume Price           10.5 pence 
                                         GBP31,461.045 
     --------------------------------  -------------------------------- 
 e)   Date of the transaction           22 February 2019 
                                         25 February 2019 
                                         26 February 2019 
     --------------------------------  -------------------------------- 
 f)   Place of the transaction          AIM (LSE) 
     --------------------------------  -------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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March 22, 2019 03:01 ET (07:01 GMT)