Cautionary Statement- ZCCM-IH and Kansanshi

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          |           [phone] E          |            [e-mail] W         0;       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

 

END

 

 

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