Zambeef Products PLC Board Changes (1497P)
February 05 2019 - 8:37AM
UK Regulatory
TIDMZAM
RNS Number : 1497P
Zambeef Products PLC
05 February 2019
5 February 2019
Zambeef Products plc
("Zambeef" or the "Group")
Board Changes
Zambeef (AIM: ZAM), the fully integrated food producer with
operations in Zambia, Nigeria and Ghana, announces the resignation
of Yusuf Koya as an Executive Director/Board Member of Zambeef
Products PLC and all Group Companies, effective from 4 February
2019.
Yusuf joined Zambeef as Group General Manager in May 2005. In
June 2006, he was appointed a Board Director/Member of Zambeef.
The Board has greatly appreciated the experience and support he
has contributed to the growth and development of the Company. In
addition to overseeing the stock exchange listing in London, he was
instrumental in successfully implementing a significant number of
corporate actions/transactions as well as successfully raising debt
finance of over USD100 million over the last 14 years, resulting in
the Company becoming one of the largest agri-businesses in Zambia
and the surrounding region.
Yusuf will continue to remain a senior employee/manager in the
Company.
We are also pleased to announce our intention, subject to the
completion of various regulatory processes, to appoint Walter Roodt
to the Board of Zambeef.
Walter is currently employed as Deputy Managing Director and he
is designated as the future CEO once the incumbent (Francis Grogan)
retires at the end of the year
Zambeef Chairman, Dr Jacob Mwanza, commented:
"Yusuf Koya has been a valued colleague for many years. I would
like to thank him for the tremendous contribution that he has made
to Zambeef since he joined the Company almost 14 years ago. Yusuf
has played and continues to play a valuable role in supporting the
growth of Zambeef through his vast knowledge and experience of
banking and corporate finance."
For more information, please visit www.zambeefplc.com or
contact:
Zambeef Products plc Tel: +260 (0) 211 369003
Francis Grogan, Chief Executive Officer
Strand Hanson Limited Tel: +44 (0) 20 7409
James Spinney 3494
Ritchie Balmer
Finncap Tel: +44 (0) 20 7220
Christopher Raggett 0500
Emily Morris
Powerscourt Tel: +44 (0)20 7250
Nick Dibden 1446
Jana Tsiligiannis
Pangaea Securities Tel: +260 (0) 211 220
Wendy Tembo 707
- Ends -
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END
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