Change in Directorate

Zambeef Products PLC

02 August 2024

 

Zambeef Products plc

("Zambeef" or the "Group")

Change in Directorate

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana is pleased to announce the appointment of Mr. Patrick Kalifungwa as CFO and Executive Director with effect from 1 August 2024.

Mr. Kalifungwa brings with him a wealth of corporate experience spanning 20 years having served as CFO (non-Board) for Minet Zambia Insurance Brokers Limited (formerly AON Risk Solutions) since 2017. Prior to that, Mr. Kalifungwa served as Head of Credit Risk Finance at Stanbic Bank Zambia Limited and as a Senior Associate with KPMG Zambia.

Mr. Kalifungwa is a holder of a postgraduate Diploma in International Business from the University of Greenwich and qualified as a member of the Association of Chartered Certified Accountants (ACCA), at the Zambia Centre for Accountancy Studies. Mr. Kalifungwa is a Fellow of the Association of Chartered Certified Accountants and a Fellow of the Zambia Institute of Chartered Accountants.

Mr. Kalifungwa is a Non-Executive Director of LIUTEBM University, Semane Engineering Solutions Zambia Limited, Monter Capital Partnership Limited and Kilimanjaro Country Lodge. He is also a Trustee of The Other Side Foundation.

The Board is pleased to welcome Mr. Kalifungwa and is confident that he will add immeasurable value to Zambeef.

For further information, please visit www.zambeefplc.com or contact:

Zambeef Products plc	Tel: [phone]
Faith Mukutu, Chief Executive Office
Autus Securities Limited (Sponsoring Broker) Mataka Nkhoma (Sponsoring Broker)	Tel: [phone]
Cavendish Capital Markets Ltd (Nominated Adviser and Broker)
Ed Frisby/Abigail Kelly (Corporate Finance)	Tel: [phone]
Tim Redfern (ECM)

INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")

Full name:	Patrick Kunda Kalifungwa
Age:	44
Shareholding in the Company:	No shares held
Current directorships and partnerships:	Livingstone International University of Tourism Excellence and Business Management Limited (also known as Liutebm University)
	Kilimanjaro Country Lodge
	Monter Capital Partnership Limited
	Semane Engineering Solutions Zambia Limited
Historic directorships and partnerships in previous 5 years:	None

There is no further information to be disclosed in relation to the director appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

Notes to Editors

Zambeef Products plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, fish, flour and stockfeed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana.

It has 236 retail outlets throughout Zambia and West Africa.

The Company is one of the largest suppliers of beef in Zambia. Five beef abattoirs and three feedlots are located throughout Zambia, with a capacity to slaughter 230,000 cattle a year. It is also one of the largest chicken producers in Zambia, with a capacity of 8.8m broilers and 25.4 million-day-old chicks a year. It is one of the largest piggeries, pig abattoirs and pork processing plants in Zambia, with a capacity to slaughter 75,000 pigs a year, while its dairy has a capacity of 120,000 litres per day.

The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 7,265 hectares of row crops under irrigation, which are planted twice a year, and a further 8,000 hectares of rainfed/dry-land crops available for planting each year.

 

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