Zambeef Products PLC Directorate Changes

RNS Number : 0858T

Zambeef Products PLC

19 June 2024

 

 

 

 

 

                           

 

 

 

ZAMBEEF PRODUCTS PLC

 

("Zambeef" or the "Group")

 

Directorate Changes

 

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana announces the following Board changes.

 

The Company is pleased to announce the appointment of Mr. Patrick Wanjelani to Chairman of the Board of Directors.

 

Mr. Wanjelani brings with him a wealth of corporate experience spanning over 30 years and he holds an MBA from Oxford Brooks University.

 

Mr. Wanjelani is currently chairman of Kenya Reinsurance Corporation Zambia Ltd, and a board member of the Center for Infectious Disease Research in Zambia (CIDRZ), Kumil Energy Limited, Bluelight Risk Services Limited, Newgen Holdings Limited, and Newgen Construction Limited. Mr. Wanjelani previously served on the board of Zambia National Commercial Bank Plc from 2017 to 2023, including as chairman in 2022 to 2023.

 

The Board of Directors also announces the resignation of Mr. M'boo Mumba as Chief Financial Officer and Executive Director, effective from 17 July 2024.

 

Mr. Mumba has served as CFO and Executive Director on the Board since December 2022, having previously been an employee of the Company. The Board wishes to thank Mr. Mumba for his immense contributions to the Company over the past 4 years and wishes him continued success in his future endeavours.

 

A recruitment process has begun for Mr. Mumba's replacement and a further announcement will be made in due course.

 

For further information, please visit www.zambeefplc.com or contact:

 

Zambeef Products plc	Tel: [phone]
Faith Mukutu, Chief Executive Office
M'boo Mumba, Chief Financial Officer
Autus Securities Limited (Sponsoring Broker) Mataka Nkhoma (Sponsoring Broker)	Tel: [phone]
Cavendish Capital Markets Ltd (Nominated Adviser and Broker)
Ed Frisby/Abigail Kelly (Corporate Finance)	Tel: [phone]
Tim Redfern (ECM)

 

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

Full name:	Patrick Wanjelani
Age:	57
Shareholding in the Company:	No shares held
Current directorships and partnerships:	Kenya Reinsurance Corporation Zambia Limited Centre for Infectious Disease Research in Zambia (CIDRZ) Bluelight Risk Services Limited Newgen Holdings Limited Kumil Energy Limited Newgen Construction Limited
Historic directorships and partnerships in previous 5 years:	Zambia National Commercial Bank Plc

 

There is no further information to be disclosed in relation to the director appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

 

 

Notes to Editors

 

Zambeef Products plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.

 

It has 236 retail outlets throughout Zambia and West Africa.

 

The Company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and three feedlots are located throughout Zambia, with a capacity to slaughter 230,000 cattle a year. It is also one of the largest chicken producers in Zambia, with a capacity of 9.48m broilers and 25.4 million-day-old chicks a year. It has pig abattoirs and pork processing plants in Zambia, with a capacity to slaughter 75,000 pigs a year, while it's dairy has a capacity of 120,000 litres per day.

 

The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 7,265 hectares of row crops under irrigation, which are planted twice a year, and a further 8,000 hectares of rainfed/dry-land crops available for planting each year.

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