Related Party Transaction Announcement

RNS Number : 9117W

ZCCM Invs.Hldgs PLC

24 April 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

ii.    the Securities and Exchange Commission

iii.   Stockbrokers Zambia Limited

DISCLAIMER AND 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: 23 April 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"]

INDUSTRIAL DEVELOPMENT CORPORATION LIMITED SETTLEMENT OF LOAN OWED TO ZCCM INVESTMENTS HOLDINGS PLC

On 2 April 2018, ZCCM Investments Holdings Plc ("ZCCM-IH" or the "Company") and the Industrial Development Corporation Limited ("IDC"), majority Shareholder, entered into a related party transaction through a Loan Facility Agreement whereby ZCCM-IH advanced a loan amount of US$19,000,000 to the IDC with a maturity period of 12 months.

ZCCM-IH wishes to announce that the IDC has fully settled the principal and interest amounts owed to ZCCM-IH. The payment was made on 2 April 2019 in line with the Loan Facility Agreement between the parties.

By Order of the Board

Chabby Chabala

Company Secretary

Issued in Lusaka, Zambia on Tuesday, 23 April 2019

	T    |    [phone] E    |     [e-mail] W   by the Securities and Exchange Commission of Zambia
First Issued on Tuesday, 23 April 2019

 

END

 

 

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