Director Resignation

RNS Number : 2507P

Zambeef Products PLC

24 May 2018

 

24 May 2018

Zambeef Products plc

("Zambeef" or the "Group")

Director Resignation

Zambeef (AIM: ZAM), the fully integrated retailer, with operations in Zambia, Nigeria and Ghana, announces the resignation of Tim Pollock, Joint Chief Executive Officer of the Company, effective 31^st May 2018.

Mr Pollock is resigning for personal reasons, and will be returning to the United Kingdom to focus on the development of his agricultural investment business, AgCap Limited.

Francis Grogan, currently Joint Chief Executive Officer, will, from 1^st June 2018, lead the Company as sole Chief Executive Officer.

Zambeef Chairman, Dr. Jacob Mwanza, commented:  "The Board wishes to thank Tim for his dedication and contribution to the Company since September 2016, and wishes him well in his future endeavours."

For further information, please contact:
Zambeef Products plc	Tel: [phone]
Francis Grogan, incoming sole Chief Executive Officer
Strand Hanson Limited (Nominated & Financial Adviser)	Tel: [phone]
James Spinney
Ritchie Balmer
Frederick Twist
finnCap (Broker)	Tel: [phone]
Emily Morris Christopher Raggett
Powerscourt (Financial PR)	Tel: [phone]
Nick Dibden
Isabelle Saber

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

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 ("MAR").

-Ends-

 

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