ZCCM-IH Appoints a New Chief Executive Officer

RNS Number : 3056Q

ZCCM Invs.Hldgs PLC

17 October 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: Thursday,17 October 2019

ZCCM INVESTMENTS HOLDINGS PLC

 [Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

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

NOTICE OF APPOINTMENT OF CHIEF EXECUTIVE OFFICER

In compliance with the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange (LuSE), the Board of ZCCM Investments Holdings Plc hereby announces the appointment of Mr Mabvuto T Chipata as Chief Executive Officer of the Company effective 11 October 2019.

Mr Chipata joined ZCCM-IH in July 2012 as Chief Financial Officer, the position he held until early 2018 when he was appointed Chief Investments Officer responsible for the Company's investments function. He has over the years been involved in a number of strategic developments in the Company leading different project teams. Prior to joining ZCCM-IH, Mr Chipata worked in various senior management positions in sectors such as money and capital markets, Insurance, and manufacturing. He has worked as Managing Director for Intermarket Securities Zambia Limited, Finance Director for ZAMPOST, Chief Operating Officer for Intermarket Banking Corporation Zambia Limited, among others.

He currently serves as a Non-Executive Director on a number of companies including Kansanshi Mining Plc and Lubambe Copper Mines Limited. Mr Chipata is an accomplished finance and investments professional with over 20 years' experience. He holds a Bachelor of Accountancy Degree from the Copperbelt University and is a Fellow of the Association of Chartered Certified Accountants (UK) and the Zambia Institute of Chartered Accountants. He is also a trained Stockbroker.

The Board is confident that with his experience, Mr Chipata will make a valuable contribution to the success of the Company.

By Order of the Board

C Chabala

Company Secretary

Issued in Lusaka, Zambia on Thursday, 17 October 2019

	T   |   [phone] E    tyle="font-weight: bold;"> |    www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia
First Issued on Thursday,17 October 2019

 

END

 

 

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