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ZCC Zccm Investments Holdings Plc

1.6344
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Zccm Investments Holdings Plc LSE:ZCC London Ordinary Share ZM0000000037 'B' ORD ZMK10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.6344 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Copper Ores 11.96B -3.76B -23.3801 -0.07 262.1M

ZCCM Invs.Hldgs PLC Cautionary Statement- ZCCM-IH and Kansanshi (8459W)

13/12/2019 11:33am

UK Regulatory


Zccm Investments (LSE:ZCC)
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TIDMZCC

RNS Number : 8459W

ZCCM Invs.Hldgs PLC

13 December 2019

ZCCM INVESTMENTS HOLDINGS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

["ZCCM-IH" or "the Company"]

CAUTIONARY ANNOUNCEMENT

Kansanshi Holdings Limited ("KHL") Commences Confidential Arbitration Proceedings Against ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company") and Kansanshi Mining Plc ("KMP")

In compliance with the requirements of the Securities Act No 41 of 2016 and the Lusaka Securities Exchange ("LuSE") Listings Requirements (the "Rules"), shareholders are informed that on 11 November 2019, KHL filed a Request for Arbitration in London against ZCCM-IH (as Respondent) and KMP (as Nominal Respondent). These Arbitration proceedings are strictly confidential as between the parties. The Arbitration proceedings follow a criminal complaint made by ZCCM-IH against the allegedly unauthorised transfer by KMP of KMP monies to a KHL related party/affiliate.

The matter is yet to be determined and may have a material effect on the price of the Company's securities. Shareholders will be updated as the case progresses.

Accordingly, shareholders of ZCCM-IH are accordingly advised to exercise caution when dealing in securities of the Company until further information is published.

By Order of the Board

Chabby Chabala

Company Secretary

Issued in Lusaka, Zambia on Friday, 13(th) December 2019

 
   Lusaka Securities Exchange Sponsoring Broker 
================================================== 
   T | +260-211-232456 
    E | advisory@sbz.com.zm 
    W | www.sbz.com.zm 
 
    Stockbrokers Zambia Limited (SBZ) is a founder 
    member of the Lusaka Securities Exchange and 
    is regulated by the Securities and Exchange 
    Commission of Zambia 
  ================================================ 
                        Issued on 13 December 2019 
 

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 rns@lseg.com or visit www.rns.com.

END

MSCCKNDBDBDDPBD

(END) Dow Jones Newswires

December 13, 2019 06:33 ET (11:33 GMT)

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