Zambeef Products PLC Director Resignation (2507P)
May 24 2018 - 12:00PM
UK Regulatory
TIDMZAM
RNS Number : 2507P
Zambeef Products PLC
24 May 2018
24 May 2018
Zambeef Products plc
("Zambeef" or the "Group")
Director Resignation
Zambeef (AIM: ZAM), the fully integrated retailer, with
operations in Zambia, Nigeria and Ghana, announces the resignation
of Tim Pollock, Joint Chief Executive Officer of the Company,
effective 31(st) May 2018.
Mr Pollock is resigning for personal reasons, and will be
returning to the United Kingdom to focus on the development of his
agricultural investment business, AgCap Limited.
Francis Grogan, currently Joint Chief Executive Officer, will,
from 1(st) June 2018, lead the Company as sole Chief Executive
Officer.
Zambeef Chairman, Dr. Jacob Mwanza, commented: "The Board wishes
to thank Tim for his dedication and contribution to the Company
since September 2016, and wishes him well in his future
endeavours."
For further information, please contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, incoming sole Chief Executive 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
Emily Morris
Christopher Raggett
Powerscourt (Financial PR) Tel: +44 (0) 20 7250 1446
Nick Dibden
Isabelle Saber
Notes to the editors
Information on Zambeef
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 deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
-Ends-
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END
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