ZAMBEEF PRODUCTS PLC
("Zambeef" or the "Group")
Directorate Changes
Zambeef (AIM: ZAM), the fully integrated cold chain
foods and retail business with operations in Zambia, Nigeria and
Ghana announces the following Board changes.
The Company is pleased to announce the appointment of
Mr. Patrick Wanjelani to Chairman of the Board of Directors.
Mr. Wanjelani brings with him a wealth of corporate
experience spanning over 30 years and he holds an MBA from Oxford
Brooks University.
Mr. Wanjelani is currently chairman of Kenya
Reinsurance Corporation Zambia Ltd, and a board member of the
Center for Infectious Disease Research in Zambia (CIDRZ), Kumil
Energy Limited, Bluelight Risk Services Limited, Newgen Holdings
Limited, and Newgen Construction Limited. Mr. Wanjelani previously
served on the board of Zambia National Commercial Bank Plc from
2017 to 2023, including as chairman in 2022 to 2023.
The Board of Directors also announces the resignation
of Mr. M'boo Mumba as Chief Financial Officer and Executive
Director, effective from 17 July 2024.
Mr. Mumba has served as CFO and Executive Director on
the Board since December 2022, having previously been an employee
of the Company. The Board wishes to thank Mr. Mumba for his immense
contributions to the Company over the past 4 years and wishes him
continued success in his future endeavours.
A recruitment process has begun for Mr. Mumba's
replacement and a further announcement will be made in due
course.
For further information, please visit www.zambeefplc.com or
contact:
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Zambeef Products plc
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Tel: +260
(0) 211 369003
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Faith Mukutu, Chief Executive
Office
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M'boo Mumba, Chief Financial
Officer
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Autus Securities Limited (Sponsoring Broker)
Mataka Nkhoma (Sponsoring
Broker)
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Tel: +260 (0) 211 840 513
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Cavendish Capital Markets Ltd (Nominated Adviser and
Broker)
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Ed Frisby/Abigail Kelly (Corporate
Finance)
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Tel: +44 (0) 20 7220 0500
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Tim Redfern (ECM)
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INFORMATION REQUIRED UNDER RULE 17
AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM
RULES")
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Full name:
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Patrick Wanjelani
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Age:
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57
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Shareholding in the
Company:
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No shares held
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Current directorships and
partnerships:
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Kenya Reinsurance Corporation Zambia
Limited
Centre for Infectious Disease
Research in Zambia (CIDRZ)
Bluelight Risk Services
Limited
Newgen Holdings Limited
Kumil Energy Limited
Newgen Construction
Limited
|
|
Historic directorships and
partnerships in previous 5 years:
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Zambia National Commercial Bank
Plc
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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 9.48m broilers and 25.4 million-day-old chicks a
year. It has pig abattoirs and pork processing plants in Zambia,
with a capacity to slaughter 75,000 pigs a year, while it's 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.