Cautionary Announcement

RNS Number : 4753K

ZCCM Invs.Hldgs PLC

10 April 2018

 

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:        10 April 2018

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"]

FURTHER CAUTIONARY RENEWAL

ZCCM Investments Holdings PLC ("ZCCM-IH") Files a Notice of Arbitration against Kansanshi Holdings Limited and Kansanshi Mining PLC.

On 26 October 2016, ZCCM-IH filed a Notice of Arbitration in London against Kansanshi Holdings Limited and Kansanshi Mining PLC for various Claims arising from transactions between Kansanshi Mining Plc and FQM Finance Limited. ZCCM-IH applied to the Arbitral Tribunal to bring a derivative claim on behalf of Kansanshi Mining PLC which application was heard on 10-12 January 2018.

Further to the Cautionary Renewal released by ZCCM-IH on 6^th February 2018, regarding these matters and in compliance with the requirements of the Securities Act No 41 of 2016 and the General Obligations of Disclosure under the Continuing Obligations of the Listings Requirements of the Lusaka Securities Exchange, shareholders are informed that on 22^nd February the Tribunal denied ZCCM-IH permission to bring its proposed derivative claim on behalf of Kansanshi Mining PLC.

On 22^nd March 2018, following the award denying permission, ZCCM-IH filed an Arbitration Claim in the Commercial Court in London applying to challenge the award dated 22^nd February 2018.

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 Tuesday, 10^th April 2018

Lusaka Securities Exchange Sponsoring Broker
	T    |    [phone] E    |    [e-mail] W   and Exchange Commission of Zambia
First Issued on 1 November 2016

 

END

 

 

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