Zambeef Products PLC Director Appointment (8512V)
26 July 2018 - 5:45PM
UK Regulatory
TIDMZAM
RNS Number : 8512V
Zambeef Products PLC
26 July 2018
26 July 2018
Zambeef Products plc
("Zambeef" or the "Company")
Director Appointment
Zambeef (AIM: ZAM), the fully integrated cold chain foods and
retail business with operations in Zambia, Nigeria and Ghana, today
announces the appointment of Frank Braeken to its Board as a
Non-Executive Director with immediate effect. Frank is being
appointed as the second representative of CDC Group plc, the
Company's 17.5 per cent. ordinary share holder, under the terms of
the Relationship Agreement between CDC and the Company, which
became effective on 16 September 2016.
Frank is a Belgian national with extensive experience in the
Fast-Moving Consumer Goods ("FMCG") sector, including 26 years with
Unilever where he lived and worked in nine countries on four
continents.
In 2009, Mr. Braeken became head of Unilever's Namca region,
with responsibility for markets across North Africa, the Middle
East and Central Africa. In 2011, Mr. Braeken became Head of
Unilever Africa where he had overall responsibility for the $3
billion operation.
After leaving Unilever in 2013, Mr. Braeken became Chief
Investment Officer of Amatheon Agri Holding, a company established
to invest in African agriculture and food-related businesses, with
a specific focus on Zambia in which capacity he served until his
resignation in 2016.
Frank is currently Non-Executive Chairman of Feronia, the UK
based and Toronto listed agribusiness, operating in the Democratic
Republic of Congo. In addition, Frank holds a number of other
Non-Executive Directorships across a broad range of industries,
including within food production and retailing.
Zambeef Chairman, Dr Jacob Mwanza, commented: "I'm thrilled to
welcome Frank as a Non-Executive Director to the Board. He brings
significant experience from one of the world's largest FMCG
companies which, together with his extensive recent experience of
operating throughout Africa, will be of significant value to the
Board and the Company. I very much look forward to working with
Frank over the years ahead."
Further information on Frank Braeken as required to be disclosed
in accordance with Schedule 2 (g) of the AIM Rules for
Companies:
Frank Nicolas Julia Braeken, aged 58
Current Directorships Past Directorships (last 5 years)
Alliance for a Green Revolution Dagon Holding Limited
in Africa
------------------------------------
Blue Skies Holdings Limited Enterprise & Parliamentary Dialogue
International
------------------------------------
Buhler AG
------------------------------------
Feronia Inc.
------------------------------------
F.M.B DWC-LLC
------------------------------------
Marie Stopes International
------------------------------------
Seven Hills Ranch Limited
------------------------------------
Frank currently holds 375,000 ordinary shares in Zambeef
Products plc.
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, Chief Executive Officer
Craig Harris, Chief Financial Officer
Strand Hanson Limited (Nominated & Financial Adviser) Tel: +44 (0) 20 7409 3494
James Spinney
Ritchie Balmer
Frederick Twist
Finncap (Broker) Tel: +44 (0) 20 7220 0500
Christopher Raggett
Powerscourt (Financial PR) Tel: +44 (0) 20 7250 1446
Nick Dibden
Jana Tsiligiannis
Pangaea Securities Tel: +260 (0) 211 220 707
Ceaser Siwale
Wendy Tembo
Notes to Editors
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 considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No. 596/2014, and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
-Ends-
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END
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