Zambeef Products PLC Posting of Circular & Notice of EGM (1051W)
December 06 2019 - 1:00PM
UK Regulatory
TIDMZAM
RNS Number : 1051W
Zambeef Products PLC
06 December 2019
6 December 2019
Zambeef Products Plc
("Zambeef" or the "Company")
Posting of Circular & Notice of EGM
Zambeef, the fully integrated agri-business with operations in
Zambia, Nigeria and Ghana, announces that further to the Company's
announcement on 17 September 2019, the Company hereby gives notice
that an Extraordinary General Meeting of the Shareholders of
Zambeef will be held at the Taj Pamodzi Hotel, Church Road, Lusaka,
at 11:30am (Zambian time), on Monday 30 December 2019. The EGM will
follow the Company's Annual General Meeting which is being at
9:00am (Zambian time) on the same day.
The Company is today posting a circular (the "Circular") to
Shareholders of Zambeef who were registered as Shareholders on 6
December 2019 (the "Record Date") in line with the requirements of
the Securities Act, Cap 354, of the laws of Zambia and the Lusaka
Stock Exchange ("LuSE") Listing Requirements.
The Circular includes detailed information on the Disposal of
Zambeef's Sinazongwe Farm. Details of the action to be taken by
Zambeef Shareholders are detailed in the Circular, which can be
found on the Company's website (www.zambeefplc.com)
AGENDA
1) TO READ THE NOTICE OF THE MEETING AND CONFIRM A QUORUM IS PRESENT
2) TO PASS THE FOLLOWING RESOLUTIONS:
a) ORDINARY RESOLUTION NUMBER 1 - AUTHORITY TO IMPLEMENT THE
PROPOSED TRANSACTION (SALE OF ENTIRE INTEREST IN SINAZONGWE FARM TO
CHENGUANG)
AN ORDINARY RESOLUTION, in terms of the LuSE Listing Rules, that
the Company be and is hereby authorised to implement the Proposed
Transaction of the sale of Sinazongwe Farm which constitutes a
Category 1 Transaction for the purposes of the LuSE Listing Rules
(and therefore requires shareholder approval).
b) ORDINARY RESOLUTION NUMBER 2 - AUTHORITY OF DIRECTORS
AN ORDINARY RESOLUTION that any Director of the Company be and
is hereby authorised to do all such things and sign all such
documentation as are necessary to give effect to the Resolutions
set out in this Notice, hereby ratifying and confirming all such
things already done and documentation already signed.
Being a Category 1 Transaction in terms of the LuSE Listing
Requirements, approval is required for the Disposal from a simple
majority of Zambeef shareholders.
VOTING AND PROXIES
A member is entitled to appoint one or more proxies to attend
and speak and vote in his/her stead. A proxy need not be a member
of the Company. The Company's Articles of Association provide that
instruments of proxy must be deposited at the registered office of
the Company, Plot 4970, Manda Road, Industrial Area, P/B 17,
Woodlands, Lusaka, Republic of Zambia.
Capitalised terms are as per the definitions section in the
Circular, unless otherwise defined herein.
-Ends-
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
Eric Allan
Finncap Tel: +44 (0) 20 7220
Christopher Raggett 0500
Powerscourt Tel: +44 (0)20 7250
Nick Dibden 1446
Bethany Johannsen
Pangaea Securities Tel: +260 (0) 211 220
Wendy Tembo 707
Notes to the 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 7,973 hectares of row crops under
irrigation, which are planted twice a year and a further 8,776
hectares of rain-fed/dry-land crops available for planting each
year.
Chenguang Biotech (Zambia) Agri-Dev Limited is a subsidiary of
the Chenguang Biotech Group Co. Limited based in China ("CCGB").
CCGB is a listed company on the Shenzhen stock exchange with 22
subsidiary companies. The Chenguang Group is one of the world's
leading producers and suppliers of natural plant extraction for
paprika oleoresin, capsicum oleoresin and marigold oleoresin. The
Chenguang Group also manufactures natural pigments, natural spice
extracts, essential oils, natural nutrient and medicinal extracts
and protein.
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. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
- Ends -
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END
MSCQQLFBKLFFFBZ
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