ZCCM : CAUTIONARY ANNOUNCEMENT- GRZ Sell Down

ZCCM : CAUTIONARY ANNOUNCEMENT- GRZ Sell Down

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”]

The Board of ZCCM-IH (“the Board”) wishes to advise Shareholders and the market that in order to comply with the Lusaka Securities Exchange (“LuSE”) free-float requirement, the Government of the Republic of Zambia (“GRZ”) has requested ZCCM-IH to commence the process of selling 27,961,237 (17.3%) class B shares held by GRZ on its behalf.

Accordingly, pending completion of the sale of the Government's 17.3% B Class shareholding in ZCCM-IH, shareholders are advised to exercise caution when dealing in the Company's securities.

By Order of the Board

Chabby Chabala

Company Secretary

Issued in Lusaka, Zambia on 24 November 2017

Lusaka Securities Exchange Sponsoring Broker


 
 
T | +260-211-232456

 

E | advisory@sbz.com.zm

 

W | 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 24 November 2017

Source: Actusnews