Incorporation of a Mining Operating Company

RNS Number : 4764E

ZCCM Invs.Hldgs PLC

04 July 2019

 

SENS ANNOUNCEMENT

(the "Notice" or "Announcement")

ISSUER

	ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")
	[Incorporated in the Republic of Zambia]
	Company registration number:  119540000771
Share Code:	ZCCM-IH
ISIN:	ZM0000000037
Authorised by:	Chabby Chabala - Company Secretary
SPONSOR

Stockbrokers Zambia Limited

[Founder Member of the Lusaka Securities Exchange]

[Regulated and licensed by the Securities and Exchange Commission of Zambia]

Contact Number:                    [phone]

Website:                                  www.sbz.com.zm

APPROVAL

The captioned Notice or Announcement has been approved by:

i.    the Lusaka Securities Exchange ("LuSE")

ii.   the Securities and Exchange Commission ("SEC")

iii.  Stockbrokers Zambia Limited ("SBZ")

RISK WARNING

The Notice or Announcement contained herein contains information that may be of a price sensitive nature.

Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.

ISSUED: 28 June 2019

ZCCM INVESTMENTS HOLDINGS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 119540000771

Share Code: ZCCM-IH

ISIN: ZM0000000037

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

NOTICE OF INCORPORATION OF KABUNDI MINING RESOURCES LIMITED

At its Special Board Meeting held on 29 March 2019, the ZCCM Investments Holdings Plc ('ZCCM-IH') Board approved the incorporation of a mining operating Company. In line with one of its strategic objectives in mining value creation, ZCCM Investments Holdings Plc ('ZCCM-IH') wishes to announce the incorporation of Kabundi Resources Limited ('KRL') a wholly owned subsidiary. KRL is located in Chief Muchinda's area in Serenje District, Central Province. KRL is a mine operating company whose main activities include mining, processing and marketing of manganese and other non-ferrous metals. KRL was registered on 8 May 2019.

The ZCCM-IH Board is confident that KRL will add value to the Company's current mining portfolio and provide an opportunity for ZCCM-IH to expand its activities in the mining sector.

By Order of the Board

C Chabala

Company Secretary

Issued in Lusaka, Zambia on 28 June 2019

T   | [phone]

E   p class="fb">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

First Issued on 28 June 2019

 

END

 

 

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