Zambeef Products PLC Result of EGM and Director Appointments (3761J)
09 September 2016 - 7:00AM
UK Regulatory
TIDMZAM
RNS Number : 3761J
Zambeef Products PLC
09 September 2016
9 September 2016
Zambeef Products Plc
("Zambeef" or the "Company")
Result of EGM and Director Appointments
Result of EGM
Zambeef is pleased to announce that all resolutions put to
Shareholders at the Extraordinary General Meeting of the Company
held yesterday in Lusaka to approve, inter alia, the entering into
the Investment Agreement with CDC Group plc ("CDC") (as announced
on 4 August 2016) were duly passed.
Accordingly, 52,601,435 new ordinary shares with a par value of
ZMW 0.01 each in the capital of the Company ("Ordinary Shares") and
100,057,658 new convertible redeemable shares with a par value of
ZMW 0.01 each in the capital of the Company ("Preference Shares")
have been issued and allotted to CDC. The Preference Shares carry
the right to four votes for every five Preference Shares held, save
for certain exceptions as detailed in the circular sent to
Shareholders on 18 August 2016.
Admission of the new Ordinary Shares to trading on AIM is
expected to occur at 8.00 a.m. on 12 September 2016 ("Admission").
Following Admission, the total number of Ordinary Shares in issue
will be 300,579,630. There are no shares held in treasury.
The total number of voting rights in the Company following
Admission and the issue of the Preference Shares will be
380,625,756. This figure may be used by Shareholders as the
denominator for the calculations to determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
Director Appointments
The Board of Zambeef, is pleased to announce the appointment of
David Osborne and Tim Pollock as non-executive directors
representing CDC with effect from 9 September 2016.
David joined CDC in 2014 and is a Director and Head of Portfolio
Management. He previously spent 24 years at 3i as a partner based
in London and latterly Singapore. He then ran the Islamic
Infrastructure Fund and was a managing partner at CapAsia, an
emerging Asian infrastructure fund manager.
Tim Pollock joined CDC Group plc in August 2016 as Investment
Director. Prior to joining CDC, Tim spent seven years as Director
of Strategic Development for multinational Lallemand Animal
Nutrition. Tim has over 35 years of director level and
international experience across the food and agribusiness sectors
gained with Cargill, Elders, Grainfarmers, Macquarie Bank and
Armajaro. His experience covers "plough to plate" and includes
primary production of crops and livestock, crop inputs, animal
feeds, soft commodity trading & distribution and food
ingredients processing, as well as transactional and post
investment value creation. Tim studied Agriculture at the Royal
Agricultural College, Cirencester and Corporate Finance at London
Business School and lives in Oxfordshire, UK. He is a Trustee of
the Thames Valley Air Ambulance.
Zambeef Chairman, Dr Jacob Mwanza, commented
"I am delighted to welcome both David and Tim to the Board.
Their skills and food and agricultural experience will complement
those of the other directors."
Further information of David Osborne and Tim Pollock as required
under the AIM Rules
David Delano Franklin Osborne, aged 52
Current Directorships Directorships / Partnerships
/ Partnerships held in last 5 years
------------------------- -------------------------------
Feronia Inc Alternative Energy Corporation
Pte Ltd
------------------------- -------------------------------
Emerging Markets Asia
eCommerce Holdings GmbH
------------------------- -------------------------------
Insider TV Holdings Pte
Ltd
------------------------- -------------------------------
Timothy (Tim) Hugo Pollock, aged 57
Current Directorships Directorships / Partnerships
/ Partnerships held in last 5 years
---------------------------- -----------------------------
Thames Valley Air Ambulance Lallemand U.K. Limited
Limited
---------------------------- -----------------------------
Thames Valley Air Ambulance Lallemand Animal Nutrition
(Leasing) Limited UK Limited
---------------------------- -----------------------------
Agcap Limited Lallemand Limited
---------------------------- -----------------------------
Rubinum SA Winemak-in Limited
---------------------------- -----------------------------
Vitam International (Pty) Macco Organiques Limited
Ltd
---------------------------- -----------------------------
Biotal Limited
---------------------------- -----------------------------
Ncore Limited
---------------------------- -----------------------------
Lallemand NZ Limited
---------------------------- -----------------------------
Lallemand Animal Nutrition
Pty Limited
---------------------------- -----------------------------
Lallemand Biotech Co
Limited
---------------------------- -----------------------------
Other than the information set out above there is no other
information required to be disclosed in connection with the
appointment of Mr Osborne or Mr Pollock under AIM Rule 17 and
Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211
369003
Carl Irwin, Joint Chief Executive Officer
Francis Grogan, Joint Chief Executive Officer
Strand Hanson Limited (Financial Tel: +44 (0) 20 7409
& Nominated Adviser) 3494
James Spinney
Ritchie Balmer
Frederick Twist
Finncap (Broker) Tel: +44 (0) 20 7220
0500
Joanna Scott
Raymond Greaves
Powerscourt (Financial PR) Tel: +44 (0)20 7250
1446
Nick Dibden
Sophie Moate
Nick Brown
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
The company news service from the London Stock Exchange
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