ZCCM Invs.Hldgs PLC Cautionary Statement- ZCCM-IH and Kansanshi (8459W)
13 December 2019 - 10:33PM
UK Regulatory
TIDMZCC
RNS Number : 8459W
ZCCM Invs.Hldgs PLC
13 December 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"]
CAUTIONARY ANNOUNCEMENT
Kansanshi Holdings Limited ("KHL") Commences Confidential
Arbitration Proceedings Against ZCCM Investments Holdings Plc
("ZCCM-IH" or "the Company") and Kansanshi Mining Plc ("KMP")
In compliance with the requirements of the Securities Act No 41
of 2016 and the Lusaka Securities Exchange ("LuSE") Listings
Requirements (the "Rules"), shareholders are informed that on 11
November 2019, KHL filed a Request for Arbitration in London
against ZCCM-IH (as Respondent) and KMP (as Nominal Respondent).
These Arbitration proceedings are strictly confidential as between
the parties. The Arbitration proceedings follow a criminal
complaint made by ZCCM-IH against the allegedly unauthorised
transfer by KMP of KMP monies to a KHL related party/affiliate.
The matter is yet to be determined and may have a material
effect on the price of the Company's securities. Shareholders will
be updated as the case progresses.
Accordingly, shareholders of ZCCM-IH are accordingly advised to
exercise caution when dealing in securities of the Company until
further information is published.
By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on Friday, 13(th) December 2019
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 founder
member of the Lusaka Securities Exchange and
is regulated by the Securities and Exchange
Commission of Zambia
================================================
Issued on 13 December 2019
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END
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