Director/PDMR Shareholding

RNS Number : 6587T

Zambeef Products PLC

22 March 2019

 

22 March 2019

Zambeef Products plc

("Zambeef" or the "Group") 

Director Dealing

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business, with operations in Zambia, Nigeria and Ghana, announces that it was notified on 20 March 2019, that Dr. Jacob Mwanza, Non-Executive Chairman, purchased, in aggregate, 299,629 ordinary shares with a par value of ZMW 0.01 each in the issued share capital of the Company ("Ordinary Shares") through three separate trades which occurred on 22 February 2019, 25 February 2019 and 26 February 2019. Each trade occurred at a price of 10.5 pence each.

Dr. Mwanza was only informed by his broker on 20 March 2019 that these trades had taken place.

Following the transaction, Dr. Mwanza has a holding of 1,399,629 Ordinary Shares, representing a holding of 0.47% in the Ordinary Shares.

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. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

For further information, please contact:
Zambeef Products plc	Tel: [phone]
Francis Grogan, Chief Executive Officer
Strand Hanson Limited (Nominated & Financial Adviser)	Tel: [phone]
James Spinney
Ritchie Balmer
Eric Allan
finnCap (Broker)	Tel: [phone]
Christopher Raggett
Powerscourt (Financial PR)	Tel: [phone]
Nick Dibden
Jana Tsiligiannis Pangaea Securities                                                                         Tel:   [phone] Ceaser Siwale Wendy Tembo

Notes to the editors

Information on Zambeef

The Zambeef Group is one of the largest integrated cold chain food producers in Zambia, involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, fish, flour and stock feed. The Group also has large cereal row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation, which are planted twice a year and a further 8,623 hectares of rain-fed/dry-land crops available for planting each year.

Further information can be found on www.zambeefplc.com

PDMR Notification Form:

The notification below is made in accordance with the requirements of Market Abuse Regulation:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr Jacob Mwanza
2.	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Zambeef Products plc
b)	LEI	213800U7PEKOUE14NP20
4.	Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary Shares of ZMW0.01  each
	Identification code	ZM0000000201
b)	Nature of the Transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 10.5 pence 10.5 pence 10.5 pence 100,000 26,296 173,333
d)	Aggregated information Aggregated volume Price	299,629 shares 10.5 pence £31,461.045
e)	Date of the transaction	22 February 2019 25 February 2019 26 February 2019
f)	Place of the transaction	AIM (LSE)

 

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