Notice of Death of Chairman

Zambeef Products PLC

28 March 2024

 

ZAMBEEF PRODUCTS PLC

("Zambeef" or the "Group")

Notice of Death of Chairman

It is with deep sadness that the Board of Directors announces the passing away of Mr. Michael Mundashi, Chairman of Zambeef Products plc. He passed away during the course of the evening on 26 March 2024 due to an illness.

Mr. Mundashi was appointed to the Zambeef Products plc Board as Independent Non-Executive Director in September 2019 and was subsequently appointed as Chairman in December 2019. His invaluable insights and experience will be sorely missed, and he will remain a lasting part of the Company's story.

We mourn with and pass our condolences to his family.

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
Cavendish Capital Markets Ltd (Nominated Adviser and Broker)	Tel: [phone]
Ed Frisby/Abigail Kelly (Corporate Finance)
Tim Redfern (ECM)
Autus Securities Limited	Tel: [phone]
Mataka Nkhoma

About Zambeef Products Plc

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, eggs, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.

It has 269 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 chickens and egg producers in Zambia, with a capacity of 9.4m broilers and 25 million-day-old chicks a year. It is one of the largest piggeries, pig abattoirs and pork processing plants in Zambia, with a capacity to slaughter 102,000 pigs a year, while its 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 7,924 hectares of rainfed/dry-land crops available for planting each year.

 

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